Suburb Profile Report for Glen Innes NSW (2370)

Glen Innes House: Median price $210,000, Annual capital growth 3.57%, Number of sales 122, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report

Investment property in Glen Innes 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 12.00%

Across a shorter period, Glen Innes, 2370 has seen a median price increase of 5.00% over the last quarter.

Property investors looking for a bargain in Glen Innes should be aiming for at least -7.84% off the asking price, which is the average vendor discount being achieved at the moment.

A $240 per week rent on the median house gives suburb investors a gross yield of circa 5.94%, without taking into account capital value appreciation, which has been averaging out at 3.57%.

Metrics i HOUSE UNIT
$210,000 N/A
5.00% N/A
12.00% N/A
3.57% N/A
$240 N/A
122 N/A
5.94% N/A
146.82 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
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Recent sales & rentals