Suburb Profile Report for Shortland NSW (2307)

Shortland House: Median price $410,000, Annual capital growth 5.48%, Number of sales 79, Weekly median advertised rent $373

Shortland Unit: Median price $393,750, Annual capital growth 7.93%, Number of sales 18, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 10.13% which means that Shortland, 2307 has done well for property investors by showing a capital gain of 9.33% over the last year

While Shortland,2307 ranked number 735th in NSW for increase in median house value (annualised) increase, it is ranked 907th over the last 5 years.

Property buyers and investors in Shortland 2307 should be seeing an average reduction in asking price of around -4.67% . This means that Shortland is holding prices well when compared to other suburbs in NSW.

Using the current median advertised rental of $372.5 and the average annual increase in value of a median property of 5.48%, investors should hope to achieve an overall return of 4.72%

Property investors who have had real estate in Shortland, 2307 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.73%

When looking at the potential capital gains offered to property investors over the last 3 years, Shortland comes in at number 542th in NSW.

Our latest figures would indicate that property sellers in Shortland are currently offering property investors an average price cut of -4.63% 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 66.1 days.

With the median price for a house in Shortland being $393750 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 5.55%

Metrics i HOUSE UNIT
$410,000 $393,750
2.37% -0.32%
9.33% -3.73%
5.48% 7.93%
$373 $420
79 18
4.72% 5.55%
51.88 66.1

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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