Suburb Profile Report for Rankin Park NSW (2287)

Rankin Park House: Median price $515,000, Annual capital growth 4.23%, Number of sales 54, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report

At number 1296th in the list of Australian suburbs ordered by increase in median house value over the last year, Rankin Park, 2287 is in the top 40% with a property value increase of 9.57% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Rankin Park,2287 has racked up an average of 9.57% over the period. This ranks it number 2328th in the whole country for real estate investors looking at median house price increases.

Rankin Park, 2287 is offering NSW ‘s 791th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.

At number 458 in a list of fastest selling suburbs, Rankin Park is in the TOP 20% of suburbs in Australia with an average of days on market 47.35 for properties listed there.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.24%, without taking into account capital value appreciation, which has been averaging out at 4.23%.

Metrics i HOUSE UNIT
$515,000 N/A
1.88% N/A
9.57% N/A
4.23% N/A
$420 N/A
54 N/A
4.24% N/A
47.35 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 2450
Median household income ($/weekly) 1565
Median age of persons 41
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 306 12.5
    35-44 years 298 12.2
    45-54 years 311 12.7
    55-64 years 449 18.3
    65-74 years 289 11.8
    Others 797 32.5
    Age Group
    Census Count Percent(%)
    Registered Married 1125 60.7
    Not Married 587 31.7
    Defacto Relationship 140 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2116 88.8
    Croatia 21 0.9
    Papua New Guinea 22 0.9
    United Kingdom 56 2.3
    Other 40 1.7
    Others 128 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 0.9
    Christianity 1671 73.1
    Hinduism 17 0.7
    Other Religious Groups 4 0.2
    No Religion 572 25.0
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 71 8.8
    $1,250-$1,499 76 9.5
    $1,500-$1,999 105 13.1
    $2,000-$2,499 92 11.4
    $2,500-$2,999 93 11.6
    Others 367 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 747 38.7
    Not in the labour force 661 34.2
    Employed, worked part-time 420 21.8
    Employed, away from work 64 3.3
    Unemployed, looking for work 39 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 132 10.7
    Professionals 372 30.2
    Technicians & trades workers 193 15.7
    Community & personal service workers 108 8.8
    Clerical & administrative workers 190 15.4
    Others 237 19.2
    Occupation
    Census Count Percent(%)
    Pre-school 46 7.9
    Infants/Primary 198 34.0
    Secondary 156 26.8
    Technical or Further Educational Institution 46 7.9
    University or other Tertiary Institutions 122 21.0
    Others 14 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2273 98.2
    Semi-detached, row or terrace house, townhouse 29 1.3
    Flat, unit or apartment 13 0.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 388 44.4
    Being purchased 387 44.3
    Rented 95 10.9
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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