Suburb Profile Report for Shortland NSW (2307)

Shortland House: Median price $400,250, Annual capital growth 4.95%, Number of sales 77, Weekly median advertised rent $365

Shortland Unit: Median price $396,250, Annual capital growth -0.25%, Number of sales 26, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 9.51% for the last 12 months, Shortland, 2307 has performed for property investments than its average annual 4.95% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Shortland has given property investors a paper return of 1.65%. This puts Suburb as 858 on a list of fastest fasting appreciating suburbs in NSW

Our latest figures would indicate that property sellers in Shortland are currently offering property investors an average price cut of -3.14% below the asking price at the moment.

Often selling an investment property can take time, and in Shortland the average time real estate has been on the market is 48.17 days.

Using the current median advertised rental of $365 and the average annual increase in value of a median property of 4.95%, investors should hope to achieve an overall return of 4.74%

Shortland has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -4.52% to date .

At number 378th of NSW’s most discounted properties, Shortland is in the TOP 20% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 5.51%, without taking into account capital value appreciation, which has been averaging out at -0.25%.

Metrics i HOUSE UNIT
$400,250 $396,250
1.65% -0.69%
9.51% -4.52%
4.95% -0.25%
$365 $420
77 26
4.74% 5.51%
48.17 85.45

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3705
Median household income ($/weekly) 878
Median age of persons 35
Median housing loan repayment ($/monthly) 1582
Average household size 2.4
  • Census Count Percent(%)
    20-24 years 416 11.2
    25-34 years 536 14.5
    35-44 years 400 10.8
    45-54 years 393 10.6
    55-64 years 402 10.9
    Others 1558 42.1
    Age Group
    Census Count Percent(%)
    Not Married 1340 46.9
    Registered Married 1229 43.0
    Defacto Relationship 289 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3099 87.6
    Croatia 57 1.6
    Philippines 27 0.8
    United Kingdom 90 2.5
    Other 121 3.4
    Others 145 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 1.1
    Christianity 2523 73.8
    Islam 72 2.1
    Other Religious Groups 15 0.4
    No Religion 762 22.3
    Others 11 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 165 12.1
    $400-$599 216 15.9
    $600-$799 143 10.5
    $800-$999 141 10.4
    $1,500-$1,999 180 13.2
    Others 517 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1334 44.9
    Employed, worked full-time 944 31.7
    Employed, worked part-time 476 16.0
    Unemployed, looking for work 123 4.1
    Employed, away from work 97 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 224 14.8
    Technicians & trades workers 276 18.2
    Community & personal service workers 186 12.3
    Sales 182 12.0
    Labourers 212 14.0
    Others 438 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 53 6.0
    Infants/Primary 241 27.4
    Secondary 189 21.5
    Technical or Further Educational Institution 84 9.5
    University or other Tertiary Institutions 300 34.1
    Others 13 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3007 85.4
    Semi-detached, row or terrace house, townhouse 411 11.7
    Flat, unit or apartment 94 2.7
    House or flat attached to a shop, office 11 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 525 35.9
    Being purchased 474 32.4
    Rented 441 30.2
    Other tenure type 22 1.5
    Tenure Type
Census 2011, ABS
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