Suburb Profile Report for Harrington NSW (2427)

Harrington House: Median price $455,000, Annual capital growth 3.30%, Number of sales 115, Weekly median advertised rent $445

Harrington Unit: Median price $320,000, Annual capital growth -0.58%, Number of sales 25, Weekly median advertised rent $328

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

Source: CoreLogic

  • House Report
  • Unit Report

Harrington is in the bottom 40% in NSW when comparing median price capital growth over the last year. Harrington gave property investors a disappointing capital gain figure when compared to the rest of the state, with 7.06%.

Taking the average capital gain, or increase in median house value, Harrington,2427 has racked up an average of 7.06% over the period. This ranks it number 1759th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Harrington is $455000, with sellers offering an average of -3.08% off the asking price.

Often selling an investment property can take time, and in Harrington the average time real estate has been on the market is 78.31 days.

A $445 per week rent on the median house gives suburb investors a gross yield of circa 5.09%, without taking into account capital value appreciation, which has been averaging out at 3.30%.

Harrington, 2427 ranked 216th in NSW when comparing growth in median property values or capital gain over the last 12 months. Harrington is one of 3163 in our list for NSW

While Harrington,2427 ranked number 272th in NSW for increase in median house value (annualised) increase, it is ranked 470th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Harrington, 2427. Typically our figures indicate that -2.03% is being offered, which puts this NSW suburb at 1419th most discounted overall in Australia.

Often selling an investment property can take time, and in Harrington the average time real estate has been on the market is 102.5 days.

Renters in Suburb are facing rents around $3930 per annum or $327.5 every week.

Metrics i HOUSE UNIT
$455,000 $320,000
-0.44% 1.59%
7.06% 10.34%
3.30% -0.58%
$445 $328
115 25
5.09% 5.32%
78.31 102.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 2256
Median household income ($/weekly) 649
Median age of persons 59
Median housing loan repayment ($/monthly) 1517
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 197 8.7
    45-54 years 254 11.3
    55-64 years 478 21.2
    65-74 years 480 21.3
    75-84 years 261 11.6
    Others 587 26.0
    Age Group
    Census Count Percent(%)
    Registered Married 973 55.6
    Not Married 633 36.2
    Defacto Relationship 145 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1934 90.6
    New Zealand 10 0.5
    Papua New Guinea 24 1.1
    United Kingdom 97 4.5
    Other 20 0.9
    Others 50 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 1712 81.3
    No Religion 375 17.8
    Buddhism 12 0.6
    Other Religious Groups 5 0.2
    Hinduism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 132 14.5
    $400-$599 206 22.6
    $600-$799 148 16.3
    $800-$999 114 12.5
    $1,000-$1,249 60 6.6
    Others 250 27.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1226 65.7
    Employed, worked full-time 296 15.9
    Employed, worked part-time 222 11.9
    Unemployed, looking for work 70 3.8
    Employed, away from work 52 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 70 12.3
    Professionals 101 17.7
    Technicians & trades workers 84 14.7
    Community & personal service workers 81 14.2
    Labourers 76 13.3
    Others 159 27.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 119 39.9
    Secondary 102 34.2
    Technical or Further Educational Institution 28 9.4
    Pre-school 26 8.7
    University or other Tertiary Institutions 23 7.7
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1774 84.4
    Semi-detached, row or terrace house, townhouse 216 10.3
    Flat, unit or apartment 69 3.3
    House or flat attached to a shop, office 28 1.3
    Caravan, cabin, houseboat 14 0.7
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 526 54.2
    Rented 285 29.4
    Being purchased 154 15.9
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
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