Suburb Profile Report for Marks Point NSW (2280)

Marks Point House: Median price $530,000, Annual capital growth 6.12%, Number of sales 31, Weekly median advertised rent $395

Marks Point Unit: Median price $298,000, Annual capital growth 0.84%, Number of sales 10, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Marks Point, 2280 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 11.46%.

Across a shorter period, Marks Point, 2280 has seen a median price increase of 10.42% over the last quarter.

Our latest figures would indicate that property sellers in Marks Point are currently offering property investors an average price cut of -5.49% below the asking price at the moment.

A $395 per week rent on the median house gives suburb investors a gross yield of circa 3.88%, without taking into account capital value appreciation, which has been averaging out at 6.12%.

Investment property in Marks Point has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.74%

While Marks Point,2280 ranked number 439th in NSW for increase in median house value (annualised) increase, it is ranked 446th over the last 5 years.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 0.84%, investors should hope to achieve an overall return of 6.11%

HOUSE UNIT
$530,000 $298,000
10.42% -1.97%
11.46% -7.74%
6.12% 0.84%
$395 $350
31 10
3.88% 6.11%
66.38 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 1731
Median household income ($/weekly) 823
Median age of persons 45
Median housing loan repayment ($/monthly) 1650
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 186 10.7
    35-44 years 187 10.8
    45-54 years 277 16.0
    55-64 years 274 15.8
    65-74 years 170 9.8
    Others 637 36.8
    Age Group
    Census Count Percent(%)
    Not Married 662 49.4
    Registered Married 551 41.1
    Defacto Relationship 128 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1504 91.2
    Papua New Guinea 16 1.0
    Philippines 11 0.7
    United Kingdom 57 3.5
    Other 20 1.2
    Others 41 2.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1265 79.0
    No Religion 312 19.5
    Buddhism 14 0.9
    Other Religious Groups 6 0.4
    Hinduism 4 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 80 11.7
    $400-$599 104 15.2
    $600-$799 91 13.3
    $800-$999 69 10.1
    $1,500-$1,999 75 10.9
    Others 267 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 659 47.5
    Employed, worked full-time 410 29.6
    Employed, worked part-time 221 15.9
    Employed, away from work 49 3.5
    Unemployed, looking for work 47 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 109 16.1
    Technicians & trades workers 118 17.5
    Community & personal service workers 68 10.1
    Clerical & administrative workers 106 15.7
    Labourers 69 10.2
    Others 206 30.5
    Occupation
    Census Count Percent(%)
    Pre-school 20 6.5
    Infants/Primary 115 37.2
    Secondary 85 27.5
    Technical or Further Educational Institution 44 14.2
    University or other Tertiary Institutions 39 12.6
    Others 6 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1076 65.1
    Flat, unit or apartment 318 19.2
    Semi-detached, row or terrace house, townhouse 242 14.6
    House or flat attached to a shop, office 10 0.6
    Caravan, cabin, houseboat 6 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 324 43.8
    Fully owned 234 31.6
    Being purchased 173 23.4
    Other tenure type 9 1.2
    Tenure Type
Census 2011, ABS
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