Suburb Profile Report for Georgetown NSW (2298)

Georgetown House: Median price $531,000, Annual capital growth 5.82%, Number of sales 50, Weekly median advertised rent $430

Georgetown Unit: Median price $400,000, Annual capital growth N/A, Number of sales 19, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Georgetown has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.63%

While Georgetown,2298 ranked number 672th in NSW for increase in median house value (annualised) increase, it is ranked 661th over the last 5 years.

Georgetown, 2298 is offering NSW ‘s 1179th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 5.82%, investors should hope to achieve an overall return of 4.21%

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.46% offered to property buyers. Sellers in Georgetown itself are offering an average vendor discount of -5.30% to real estate investors.

At number 152 in a list of fastest selling suburbs, Georgetown is in the TOP 20% of suburbs in Australia with an average of days on market 43.09 for properties listed there.

Advertised rents are around the $320 mark per week – giving a return of 4.16% based on the median price in Suburb

HOUSE UNIT
$531,000 $400,000
1.00% -26.74%
10.63% N/A
5.82% N/A
$430 $320
50 19
4.21% 4.16%
25.63 43.09

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2005
Median household income ($/weekly) 1147
Median age of persons 36
Median housing loan repayment ($/monthly) 1833
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 202 10.1
    25-34 years 324 16.2
    35-44 years 306 15.3
    45-54 years 297 14.8
    55-64 years 201 10.0
    Others 675 33.7
    Age Group
    Census Count Percent(%)
    Not Married 704 45.8
    Registered Married 596 38.8
    Defacto Relationship 237 15.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1726 89.6
    Germany 10 0.5
    Papua New Guinea 20 1.0
    United Kingdom 48 2.5
    Other 44 2.3
    Others 79 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.8
    Christianity 1351 72.6
    Islam 17 0.9
    Judaism 4 0.2
    No Religion 471 25.3
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 87 11.3
    $600-$799 73 9.5
    $1,000-$1,249 75 9.8
    $1,500-$1,999 99 12.9
    $2,000-$2,499 73 9.5
    Others 360 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 641 40.4
    Not in the labour force 507 32.0
    Employed, worked part-time 342 21.6
    Employed, away from work 55 3.5
    Unemployed, looking for work 40 2.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 248 24.0
    Technicians & trades workers 166 16.0
    Community & personal service workers 120 11.6
    Clerical & administrative workers 170 16.4
    Sales 93 9.0
    Others 238 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 38 8.4
    Infants/Primary 140 31.0
    Secondary 81 18.0
    Technical or Further Educational Institution 61 13.5
    University or other Tertiary Institutions 120 26.6
    Others 11 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1764 90.4
    Flat, unit or apartment 121 6.2
    Semi-detached, row or terrace house, townhouse 55 2.8
    House or flat attached to a shop, office 11 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 314 38.3
    Fully owned 264 32.2
    Rented 238 29.1
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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