Suburb Profile Report for Magenta NSW (2261)

Magenta Unit: Median price $500,000, Annual capital growth 0.19%, Number of sales 23, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report

If you compare the increase in value of investment property in Magenta, 2261 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.40%.

A 0.60% growth in median value for property investors in Magenta,2261 puts this suburb at number 537th in terms of best performing suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Magenta is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 8th in terms of most discounted suburbs in NSW

A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 0.19%.

Metrics i HOUSE UNIT
N/A $500,000
N/A -5.66%
N/A -4.40%
N/A 0.19%
N/A $420
N/A 23
N/A 4.37%
N/A 151

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 89
Median household income ($/weekly) 2083
Median age of persons 51
Median housing loan repayment ($/monthly) 5200
Average household size 2.6
  • Census Count Percent(%)
    0-4 years 14 15.7
    25-34 years 11 12.4
    35-44 years 17 19.1
    55-64 years 21 23.6
    65-74 years 14 15.7
    Others 12 13.5
    Age Group
    Census Count Percent(%)
    Registered Married 38 74.5
    Not Married 10 19.6
    Defacto Relationship 3 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 60 71.4
    Japan 3 3.6
    South Africa 6 7.1
    United Kingdom 8 9.5
    Other 4 4.8
    Others 3 3.6
    Country of Birth
    Census Count Percent(%)
    Christianity 66 79.5
    No Religion 17 20.5
    Buddhism 0 0.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    Negative/Nil income 3 11.5
    $800-$999 3 11.5
    $1,500-$1,999 7 26.9
    $2,000-$2,499 3 11.5
    $2,500-$2,999 7 26.9
    Others 3 11.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 27 45.8
    Employed, worked full-time 22 37.3
    Employed, worked part-time 10 16.9
    Employed, away from work 0 0.0
    Unemployed, looking for work 0 0.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 12 41.4
    Professionals 8 27.6
    Sales 6 20.7
    Clerical & administrative workers 3 10.3
    Technicians & trades workers 0 0.0
    Others 0 0.0
    Occupation
    Census Count Percent(%)
    Pre-school 6 40.0
    Technical or Further Educational Institution 6 40.0
    Infants/Primary 3 20.0
    Secondary 0 0.0
    University or other Tertiary Institutions 0 0.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 74 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 15 48.4
    Fully owned 10 32.3
    Being purchased 6 19.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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