Suburb Profile Report for Inverell NSW (2360)

Inverell House: Median price $245,000, Annual capital growth 2.72%, Number of sales 213, Weekly median advertised rent $290

Inverell Unit: Median price $215,000, Annual capital growth 3.79%, Number of sales 10, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Inverell, 2360 ranked 1278th in NSW when comparing growth in median property values or capital gain over the last 12 months. Inverell is one of 3163 in our list for NSW

When looking at the potential capital gains offered to property investors over the last 3 years, Inverell comes in at number 1226th in NSW.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Inverell itself are offering an average vendor discount of -7.40% to real estate investors.

Often selling an investment property can take time, and in Inverell the average time real estate has been on the market is 144.17 days.

With the median price for a house in Inverell being $245000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.16%

NSW has seen average median house prices change by 6.96% which means that Inverell, 2360 has done well for property investors by showing a capital gain of 16.22% over the last year

Using the current median advertised rental of $250 and the average annual increase in value of a median property of 3.79%, investors should hope to achieve an overall return of 6.05%

Metrics i HOUSE UNIT
$245,000 $215,000
2.94% N/A
-2.00% 16.22%
2.72% 3.79%
$290 $250
213 10
6.16% 6.05%
144.17 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 11399
Median household income ($/weekly) 813
Median age of persons 40
Median housing loan repayment ($/monthly) 1250
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1590 13.9
    35-44 years 1356 11.9
    45-54 years 1406 12.3
    55-64 years 1342 11.8
    65-74 years 1237 10.9
    Others 4468 39.2
    Age Group
    Census Count Percent(%)
    Registered Married 3924 49.1
    Not Married 3317 41.5
    Defacto Relationship 746 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 10227 94.2
    Papua New Guinea 60 0.6
    Philippines 53 0.5
    United Kingdom 171 1.6
    Other 121 1.1
    Others 225 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 0.3
    Christianity 8867 85.1
    Islam 10 0.1
    Other Religious Groups 17 0.2
    No Religion 1481 14.2
    Others 13 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 415 10.6
    $400-$599 654 16.8
    $600-$799 552 14.2
    $800-$999 451 11.6
    $1,500-$1,999 392 10.1
    Others 1433 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3624 43.2
    Employed, worked full-time 2830 33.7
    Employed, worked part-time 1348 16.1
    Unemployed, looking for work 338 4.0
    Employed, away from work 250 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 694 15.7
    Technicians & trades workers 655 14.8
    Community & personal service workers 536 12.1
    Sales 599 13.5
    Labourers 696 15.7
    Others 1245 28.1
    Occupation
    Census Count Percent(%)
    Pre-school 226 8.9
    Infants/Primary 980 38.5
    Secondary 818 32.1
    Technical or Further Educational Institution 325 12.8
    University or other Tertiary Institutions 165 6.5
    Others 33 1.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9740 92.0
    Semi-detached, row or terrace house, townhouse 122 1.2
    Flat, unit or apartment 648 6.1
    Caravan, cabin, houseboat 50 0.5
    House or flat attached to a shop, office 18 0.2
    Others 5 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1556 36.7
    Rented 1353 31.9
    Being purchased 1294 30.6
    Other tenure type 32 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals