Suburb Profile Report for Speers Point NSW (2284)

Speers Point House: Median price $620,000, Annual capital growth 5.99%, Number of sales 64, Weekly median advertised rent $450

Speers Point Unit: Median price $560,250, Annual capital growth 14.20%, Number of sales 10, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Speers Point, 2284 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.21%

Across a shorter period, Speers Point, 2284 has seen a median price increase of 7.36% over the last quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Speers Point itself are offering an average vendor discount of -6.28% to real estate investors.

Advertised rents are around the $450 mark per week – giving a return of 3.77% based on the median price in Suburb

If you compare the increase in value of investment property in Speers Point, 2284 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 31.82%.

The NSW suburb of Speers Point, 2284 is in the Lake Macquarie local government area.

Metrics i HOUSE UNIT
$620,000 $560,250
7.36% 28.79%
11.21% 31.82%
5.99% 14.20%
$450 $450
64 10
3.77% 4.18%
71.64 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Speers Point NSW
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
Chart Table
Recent sales & rentals