Suburb Profile Report for Rankin Park NSW (2287)

Rankin Park House: Median price $505,500, Annual capital growth 4.17%, Number of sales 52, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report

At number 1078th in the list of Australian suburbs ordered by increase in median house value over the last year, Rankin Park, 2287 is in the top 30% with a property value increase of 9.89% recorded in median house prices.

Across a shorter period, Rankin Park, 2287 has seen a median price increase of -3.35% over the last quarter.

Property investors looking for a bargain in Rankin Park should be aiming for at least -5.25% off the asking price, which is the average vendor discount being achieved at the moment.

Rankin Park, 2287’s gross rental yield is 4.53%

HOUSE UNIT
$505,500 N/A
-3.35% N/A
9.89% N/A
4.17% N/A
$440 N/A
52 N/A
4.53% N/A
52.33 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Very 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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