Suburb Profile Report for Speers Point NSW (2284)

Speers Point House: Median price $560,000, Annual capital growth 5.23%, Number of sales 82, Weekly median advertised rent $400

Speers Point Unit: Median price $447,500, Annual capital growth 11.72%, Number of sales 11, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Speers Point has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.90% to date .

Over the longer term, Speers Point has seen property prices show investors a 29.48% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Speers Point are currently offering property investors an average price cut of -7.11% below the asking price at the moment.

On average over the past year, suburb has had 6.83 sales per month, which equates to 82 per year.

Situated 107.54km from the CBD, Speers Point is one of Lake Macquarie localities in the postcode 2284.

NSW has seen average median house prices change by 5.59% which means that Speers Point, 2284 has done well for property investors by showing a capital gain of 44.35% over the last year

If we look at median property appreciation over just the last three months, Speers Point has given property investors a paper return of 5.29%. This puts Suburb as 88 on a list of fastest fasting appreciating suburbs in NSW

In the last year 11 properties changed hands in Speers Point, which puts it as the 568th most active market in NSW when comparing the number of sales per suburb.

Speers Point is 93th on a list of best yielding suburbs for rents in NSW with a 5.11% return

HOUSE UNIT
$560,000 $447,500
0.45% 5.29%
0.90% 44.35%
5.23% 11.72%
$400 $440
82 11
3.71% 5.11%
75.41 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3229
Median household income ($/weekly) 1160
Median age of persons 43
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 332 10.3
    25-34 years 353 10.9
    35-44 years 415 12.8
    45-54 years 451 14.0
    55-64 years 453 14.0
    Others 1226 38.0
    Age Group
    Census Count Percent(%)
    Registered Married 1281 51.2
    Not Married 1008 40.3
    Defacto Relationship 215 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2738 88.5
    Greece 22 0.7
    Papua New Guinea 48 1.6
    United Kingdom 127 4.1
    Other 36 1.2
    Others 122 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 0.8
    Christianity 2290 76.5
    Hinduism 16 0.5
    Other Religious Groups 15 0.5
    No Religion 636 21.2
    Others 15 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 112 10.0
    $400-$599 142 12.6
    $600-$799 98 8.7
    $1,500-$1,999 125 11.1
    $2,000-$2,499 112 10.0
    Others 536 47.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 981 38.0
    Employed, worked full-time 915 35.5
    Employed, worked part-time 506 19.6
    Employed, away from work 116 4.5
    Unemployed, looking for work 62 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 171 11.1
    Professionals 306 19.9
    Technicians & trades workers 243 15.8
    Clerical & administrative workers 226 14.7
    Sales 182 11.8
    Others 412 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 82 12.3
    Infants/Primary 216 32.5
    Secondary 188 28.3
    Technical or Further Educational Institution 67 10.1
    University or other Tertiary Institutions 97 14.6
    Others 15 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2745 88.4
    Flat, unit or apartment 200 6.4
    Semi-detached, row or terrace house, townhouse 156 5.0
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 534 42.7
    Being purchased 395 31.5
    Rented 319 25.5
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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