Suburb Profile Report for Kurri Kurri NSW (2327)

Kurri Kurri House: Median price $340,000, Annual capital growth 5.90%, Number of sales 122, Weekly median advertised rent $320

Kurri Kurri Unit: Median price $275,000, Annual capital growth 4.12%, Number of sales 39, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Kurri Kurri 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 15.25%

Across a shorter period, Kurri Kurri, 2327 has seen a median price increase of 6.25% over the last quarter.

Kurri Kurri2327 is located in NSW which offers an average discount of -5.25% to property investors. Kurri Kurri itself is showing figures that indicate -5.14% is the average achievable by property buyers investing in the suburb.

In the last year 122 properties changed hands in Kurri Kurri, which puts it as the 200th most active market in NSW when comparing the number of sales per suburb.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.89%, without taking into account capital value appreciation, which has been averaging out at 5.90%.

Property value increases in Kurri Kurri have tracked close to the NSW average of 8.31% over the last 12 months.

Kurri Kurri, 2327 is offering NSW ‘s 117th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

Often selling an investment property can take time, and in Kurri Kurri the average time real estate has been on the market is 99.27 days.

Using the current median advertised rental of $290 and the average annual increase in value of a median property of 4.12%, investors should hope to achieve an overall return of 5.48%

Metrics i HOUSE UNIT
$340,000 $275,000
6.25% N/A
15.25% 5.77%
5.90% 4.12%
$320 $290
122 39
4.89% 5.48%
64.49 99.27

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5771
Median household income ($/weekly) 846
Median age of persons 37
Median housing loan repayment ($/monthly) 1430
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 828 14.3
    25-34 years 656 11.4
    35-44 years 733 12.7
    45-54 years 726 12.6
    55-64 years 729 12.6
    Others 2099 36.4
    Age Group
    Census Count Percent(%)
    Not Married 1971 46.9
    Registered Married 1754 41.7
    Defacto Relationship 481 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5177 94.6
    Papua New Guinea 32 0.6
    Philippines 14 0.3
    United Kingdom 143 2.6
    Other 26 0.5
    Others 82 1.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 0.3
    Christianity 4174 79.4
    Islam 10 0.2
    Other Religious Groups 19 0.4
    No Religion 1034 19.7
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 223 11.1
    $400-$599 318 15.8
    $600-$799 266 13.2
    $1,000-$1,249 193 9.6
    $1,500-$1,999 199 9.9
    Others 809 40.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1891 44.0
    Employed, worked full-time 1316 30.6
    Employed, worked part-time 727 16.9
    Unemployed, looking for work 208 4.8
    Employed, away from work 160 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 476 21.6
    Clerical & administrative workers 258 11.7
    Sales 238 10.8
    Machinery operators & drivers 291 13.2
    Labourers 340 15.4
    Others 601 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 108 8.7
    Infants/Primary 498 39.9
    Secondary 388 31.1
    Technical or Further Educational Institution 125 10.0
    University or other Tertiary Institutions 92 7.4
    Others 36 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4987 90.1
    Semi-detached, row or terrace house, townhouse 375 6.8
    Flat, unit or apartment 167 3.0
    Caravan, cabin, houseboat 5 0.1
    House or flat attached to a shop, office 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 777 35.9
    Rented 697 32.2
    Being purchased 681 31.4
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals