Suburb Profile Report for Gunnedah NSW (2380)

Gunnedah House: Median price $332,500, Annual capital growth 4.60%, Number of sales 164, Weekly median advertised rent $340

Gunnedah Unit: Median price $253,750, Annual capital growth 2.73%, Number of sales 11, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3210th in the list of Australian suburbs ordered by increase in median house value over the last year, Gunnedah, 2380 is in the BOTTOM 30% with a property value increase of -1.04% recorded in median house prices.

If we look at median property appreciation over just the last three months, Gunnedah has given property investors a paper return of 2.31%. This puts Suburb as 637 on a list of fastest fasting appreciating suburbs in NSW

Our latest figures would indicate that property sellers in Gunnedah are currently offering property investors an average price cut of -7.77% below the asking price at the moment.

At number 3326 in a list of fastest selling suburbs, Gunnedah is in the bottom 20% of suburbs in Australia with an average of days on market 122.5 for properties listed there.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.60%, investors should hope to achieve an overall return of 5.32%

Investment property in Gunnedah 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 7.98%

If we look at median property appreciation over just the last three months, Gunnedah has given property investors a paper return of -3.33%. This puts Suburb as 500 on a list of fastest fasting appreciating suburbs in NSW

A $295 per week rent on the median house gives suburb investors a gross yield of circa 6.05%, without taking into account capital value appreciation, which has been averaging out at 2.73%.

Metrics i HOUSE UNIT
$332,500 $253,750
2.31% -3.33%
-1.04% 7.98%
4.60% 2.73%
$340 $295
164 11
5.32% 6.05%
122.5 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 9341
Median household income ($/weekly) 938
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1281 13.7
    25-34 years 1024 11.0
    35-44 years 1061 11.4
    45-54 years 1217 13.0
    55-64 years 1082 11.6
    Others 3675 39.3
    Age Group
    Census Count Percent(%)
    Registered Married 3181 48.5
    Not Married 2716 41.4
    Defacto Relationship 659 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8299 95.7
    Croatia 25 0.3
    Papua New Guinea 55 0.6
    United Kingdom 114 1.3
    Other 52 0.6
    Others 129 1.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 25 0.3
    Christianity 7206 85.2
    Islam 7 0.1
    Other Religious Groups 11 0.1
    No Religion 1197 14.2
    Others 12 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 351 11.1
    $400-$599 451 14.3
    $600-$799 362 11.5
    $800-$999 300 9.5
    $1,500-$1,999 364 11.6
    Others 1322 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2649 38.7
    Employed, worked full-time 2463 36.0
    Employed, worked part-time 1235 18.0
    Unemployed, looking for work 271 4.0
    Employed, away from work 228 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 484 12.3
    Professionals 524 13.3
    Technicians & trades workers 567 14.4
    Machinery operators & drivers 521 13.3
    Labourers 526 13.4
    Others 1305 33.2
    Occupation
    Census Count Percent(%)
    Pre-school 207 10.5
    Infants/Primary 794 40.3
    Secondary 611 31.0
    Technical or Further Educational Institution 198 10.1
    University or other Tertiary Institutions 120 6.1
    Others 38 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7969 92.3
    Semi-detached, row or terrace house, townhouse 186 2.2
    Flat, unit or apartment 426 4.9
    Caravan, cabin, houseboat 21 0.2
    House or flat attached to a shop, office 27 0.3
    Others 4 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1274 37.1
    Rented 1088 31.7
    Being purchased 1040 30.3
    Other tenure type 34 1.0
    Tenure Type
Census 2011, ABS
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