Suburb Profile Report for Gunnedah NSW (2380)

Gunnedah House: Median price $325,000, Annual capital growth 5.15%, Number of sales 143, Weekly median advertised rent $330

Gunnedah Unit: Median price $248,750, Annual capital growth 1.45%, Number of sales 19, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Gunnedah has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.46%

If we look at median property appreciation over just the last three months, Gunnedah has given property investors a paper return of 0.00%. This puts Suburb as 1085 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Gunnedah should be aiming for at least -7.48% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $330 weekly from the median priced house in this suburb.

At number 1448th in the list of Australian suburbs ordered by increase in median house value over the last year, Gunnedah, 2380 is in the BOTTOM 20% with a property value increase of -6.13% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gunnedah has increased when compared to the 5 year average annual rate.

The NSW suburb of Gunnedah, 2380 is in the Gunnedah local government area.

Metrics i HOUSE UNIT
$325,000 $248,750
0.00% 5.85%
0.46% -6.13%
5.15% 1.45%
$330 $260
143 19
5.28% 5.44%
128.3 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Above average (H)
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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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