Suburb Profile Report for Glen Innes NSW (2370)

Glen Innes House: Median price $197,250, Annual capital growth 3.61%, Number of sales 108, Weekly median advertised rent $235

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

Source: CoreLogic

  • House Report

At number 1118th in the list of Australian suburbs ordered by increase in median house value over the last year, Glen Innes, 2370 is in the top 30% with a property value increase of 9.58% recorded in median house prices.

If we look at median property appreciation over just the last three months, Glen Innes has given property investors a paper return of -0.13%. This puts Suburb as 897 on a list of fastest fasting appreciating suburbs in NSW

Vendor discounting in Glen Innes is giving property investors an average Vendor Discount of around -6.96%. This puts suburb at number 257th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 9.00 sales per month, which equates to 108 per year.

A $235 per week rent on the median house gives suburb investors a gross yield of circa 6.20%, without taking into account capital value appreciation, which has been averaging out at 3.61%.

HOUSE UNIT
$197,250 N/A
-0.13% N/A
9.58% N/A
3.61% N/A
$235 N/A
108 N/A
6.20% N/A
136.43 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 6135
Median household income ($/weekly) 729
Median age of persons 45
Median housing loan repayment ($/monthly) 1083
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 781 12.7
    35-44 years 634 10.3
    45-54 years 818 13.3
    55-64 years 865 14.1
    65-74 years 727 11.9
    Others 2310 37.7
    Age Group
    Census Count Percent(%)
    Registered Married 2029 46.1
    Not Married 1901 43.2
    Defacto Relationship 469 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 5465 93.9
    Greece 14 0.2
    Papua New Guinea 37 0.6
    United Kingdom 149 2.6
    Other 46 0.8
    Others 110 1.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 0.5
    Christianity 4742 83.2
    Judaism 14 0.2
    Other Religious Groups 32 0.6
    No Religion 858 15.1
    Others 25 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 279 12.4
    $400-$599 426 19.0
    $600-$799 299 13.3
    $800-$999 257 11.5
    $1,000-$1,249 203 9.1
    Others 777 34.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2177 46.0
    Employed, worked full-time 1376 29.1
    Employed, worked part-time 833 17.6
    Unemployed, looking for work 178 3.8
    Employed, away from work 167 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 326 13.7
    Professionals 329 13.9
    Technicians & trades workers 361 15.2
    Community & personal service workers 290 12.2
    Labourers 340 14.3
    Others 727 30.6
    Occupation
    Census Count Percent(%)
    Pre-school 106 8.0
    Infants/Primary 492 37.3
    Secondary 387 29.4
    Technical or Further Educational Institution 236 17.9
    University or other Tertiary Institutions 68 5.2
    Others 29 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5388 95.3
    Semi-detached, row or terrace house, townhouse 151 2.7
    Flat, unit or apartment 103 1.8
    Caravan, cabin, houseboat 7 0.1
    House or flat attached to a shop, office 5 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1028 42.3
    Rented 714 29.4
    Being purchased 670 27.6
    Other tenure type 17 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals