Suburb Profile Report for Floraville NSW (2280)

Floraville House: Median price $620,000, Annual capital growth 7.51%, Number of sales 27, Weekly median advertised rent $420

Floraville Unit: Median price $375,000, Annual capital growth N/A, Number of sales 18, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Floraville have tracked just higher than the NSW average of 7.47% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Floraville has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Floraville are currently offering property investors an average price cut of -4.41% below the asking price at the moment.

On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.

With the median price for a house in Floraville being $620000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.52%

Floraville,2280 was ranked 675 in Australia by increase in median property value over the quarter.

The NSW suburb of Floraville, 2280 is in the Lake Macquarie local government area.

Metrics i HOUSE UNIT
$620,000 $375,000
3.33% 1.35%
13.87% N/A
7.51% N/A
$420 $370
27 18
3.52% 5.13%
95 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1539
Median household income ($/weekly) 1691
Median age of persons 37
Median housing loan repayment ($/monthly) 1820
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 271 17.6
    25-34 years 150 9.7
    35-44 years 235 15.3
    45-54 years 237 15.4
    55-64 years 190 12.3
    Others 457 29.7
    Age Group
    Census Count Percent(%)
    Registered Married 655 58.3
    Not Married 398 35.4
    Defacto Relationship 70 6.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1372 91.0
    Greece 6 0.4
    Papua New Guinea 13 0.9
    United Kingdom 61 4.0
    Other 26 1.7
    Others 29 1.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1153 78.9
    No Religion 271 18.5
    Buddhism 15 1.0
    Islam 14 1.0
    Hinduism 8 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 41 8.9
    $1,500-$1,999 72 15.6
    $2,000-$2,499 52 11.2
    $2,500-$2,999 53 11.4
    $3,000-$3,499 43 9.3
    Others 202 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 470 40.3
    Not in the labour force 365 31.3
    Employed, worked part-time 267 22.9
    Employed, away from work 36 3.1
    Unemployed, looking for work 27 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 74 9.6
    Professionals 171 22.2
    Technicians & trades workers 132 17.1
    Clerical & administrative workers 109 14.1
    Sales 103 13.4
    Others 182 23.6
    Occupation
    Census Count Percent(%)
    Pre-school 44 9.6
    Infants/Primary 162 35.5
    Secondary 150 32.9
    Technical or Further Educational Institution 34 7.5
    University or other Tertiary Institutions 54 11.8
    Others 12 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1351 90.2
    Semi-detached, row or terrace house, townhouse 146 9.8
    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(%)
    Being purchased 236 47.0
    Fully owned 174 34.7
    Rented 92 18.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals