Suburb Profile Report for Paterson NSW (2421)

Paterson House: Median price $660,000, Annual capital growth 9.09%, Number of sales 11, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Paterson, 2421 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 36.93%.

Across a shorter period, Paterson, 2421 has seen a median price increase of 18.49% over the last quarter.

Property investors looking for a bargain in Paterson should be aiming for at least -4.15% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 11 properties changed hands in Paterson, which puts it as the 1414th most active market in NSW when comparing the number of sales per suburb.

The NSW suburb of Paterson, 2421 is in the Dungog local government area.

HOUSE UNIT
$660,000 N/A
18.49% N/A
36.93% N/A
9.09% N/A
N/A N/A
11 N/A
N/A N/A
152.54 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 801
Median household income ($/weekly) 1309
Median age of persons 43
Median housing loan repayment ($/monthly) 1517
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 121 15.1
    35-44 years 95 11.8
    45-54 years 148 18.5
    55-64 years 125 15.6
    65-74 years 76 9.5
    Others 237 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 351 61.4
    Not Married 168 29.4
    Defacto Relationship 53 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 730 94.8
    United Kingdom 21 2.7
    Papua New Guinea 12 1.6
    Malta 4 0.5
    New Zealand 3 0.4
    Others 0 0.0
    Country of Birth
    Census Count Percent(%)
    Christianity 598 79.9
    No Religion 147 19.7
    Other Religious Groups 3 0.4
    Buddhism 0 0.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 23 9.3
    $600-$799 28 11.3
    $1,000-$1,249 25 10.1
    $1,500-$1,999 36 14.6
    $2,000-$2,499 29 11.7
    Others 106 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 234 38.2
    Not in the labour force 202 33.0
    Employed, worked part-time 143 23.3
    Employed, away from work 25 4.1
    Unemployed, looking for work 9 1.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 67 16.8
    Professionals 59 14.8
    Technicians & trades workers 70 17.5
    Clerical & administrative workers 49 12.3
    Labourers 41 10.3
    Others 114 28.5
    Occupation
    Census Count Percent(%)
    Pre-school 21 9.6
    Infants/Primary 74 33.8
    Secondary 66 30.1
    Technical or Further Educational Institution 30 13.7
    University or other Tertiary Institutions 21 9.6
    Others 7 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 745 99.6
    Flat, unit or apartment 3 0.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 115 42.6
    Fully owned 103 38.1
    Rented 52 19.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals