Suburb Profile Report for Metford NSW (2323)

Metford House: Median price $359,500, Annual capital growth 2.90%, Number of sales 58, Weekly median advertised rent $360

Metford Unit: Median price $296,500, Annual capital growth 4.31%, Number of sales 20, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Metford has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.71% to date .

Metford,2323 has offered an average of 2.71% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -4.57% to buyers in Metford at the moment, which is less than average for the rest of NSW.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 2.90%, investors should hope to achieve an overall return of 5.21%

With a capital gain of 3.13% for the last 12 months, Metford, 2323 has performed for property investments than its average annual 4.31% property growth over the last 5 years.

Across a shorter period, Metford, 2323 has seen a median price increase of -2.47% over the last quarter.

Our latest figures would indicate that property sellers in Metford are currently offering property investors an average price cut of -5.35% below the asking price at the moment.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 4.31%, investors should hope to achieve an overall return of 5.26%

Metrics i HOUSE UNIT
$359,500 $296,500
2.71% -2.47%
2.71% 3.13%
2.90% 4.31%
$360 $300
58 20
5.21% 5.26%
52.5 95.68

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 4871
Median household income ($/weekly) 1170
Median age of persons 31
Median housing loan repayment ($/monthly) 1670
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 739 15.2
    25-34 years 743 15.3
    35-44 years 711 14.6
    45-54 years 617 12.7
    55-64 years 496 10.2
    Others 1566 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 1577 46.1
    Not Married 1410 41.2
    Defacto Relationship 433 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4214 90.7
    Indonesia 41 0.9
    Papua New Guinea 38 0.8
    United Kingdom 89 1.9
    Other 81 1.7
    Others 184 4.0
    Country of Birth
    Census Count Percent(%)
    Christianity 3598 79.6
    Hinduism 41 0.9
    Islam 21 0.5
    Other Religious Groups 27 0.6
    No Religion 818 18.1
    Others 17 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 158 10.0
    $600-$799 173 10.9
    $800-$999 158 10.0
    $1,000-$1,249 181 11.4
    $1,500-$1,999 239 15.1
    Others 673 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1383 39.4
    Not in the labour force 1201 34.2
    Employed, worked part-time 670 19.1
    Unemployed, looking for work 139 4.0
    Employed, away from work 115 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 264 12.2
    Technicians & trades workers 414 19.1
    Clerical & administrative workers 333 15.4
    Machinery operators & drivers 260 12.0
    Labourers 275 12.7
    Others 621 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 121 9.6
    Infants/Primary 474 37.5
    Secondary 353 27.9
    Technical or Further Educational Institution 145 11.5
    University or other Tertiary Institutions 140 11.1
    Others 30 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4322 93.0
    Flat, unit or apartment 235 5.1
    Semi-detached, row or terrace house, townhouse 92 2.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 715 42.6
    Rented 596 35.5
    Fully owned 361 21.5
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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