Suburb Profile Report for Tuncurry NSW (2428)

Tuncurry House: Median price $445,000, Annual capital growth 2.77%, Number of sales 109, Weekly median advertised rent $370

Tuncurry Unit: Median price $285,000, Annual capital growth 1.26%, Number of sales 146, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Tuncurry, 2428 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.10%

While Tuncurry,2428 ranked number 336th in NSW for increase in median house value (annualised) increase, it is ranked 931th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Tuncurry is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 874th in terms of most discounted suburbs in NSW

With the median price for a house in Tuncurry being $445000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.32%

With a capital gain of 3.64% for the last 12 months, Tuncurry, 2428 has performed for property investments than its average annual 1.26% property growth over the last 5 years.

Across a shorter period, Tuncurry, 2428 has seen a median price increase of 0.18% over the last quarter.

Vendor discounting in Tuncurry is giving property investors an average Vendor Discount of around -4.08%. This puts suburb at number 268th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 12.17 sales per month, which equates to 146 per year.

A $270 per week rent on the median house gives suburb investors a gross yield of circa 4.93%, without taking into account capital value appreciation, which has been averaging out at 1.26%.

HOUSE UNIT
$445,000 $285,000
3.13% 0.18%
14.10% 3.64%
2.77% 1.26%
$370 $270
109 146
4.32% 4.93%
93.88 103.84

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 5800
Median household income ($/weekly) 623
Median age of persons 59
Median housing loan repayment ($/monthly) 1361
Average household size 1.9
  • Census Count Percent(%)
    5-14 years 474 8.2
    45-54 years 672 11.6
    55-64 years 886 15.3
    65-74 years 1065 18.4
    75-84 years 893 15.4
    Others 1810 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 2162 47.9
    Not Married 1989 44.0
    Defacto Relationship 365 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4913 90.6
    Greece 18 0.3
    Papua New Guinea 64 1.2
    United Kingdom 249 4.6
    Other 44 0.8
    Others 136 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 0.7
    Christianity 4501 84.5
    Islam 11 0.2
    Other Religious Groups 11 0.2
    No Religion 765 14.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 369 15.2
    $400-$599 588 24.2
    $600-$799 408 16.8
    $800-$999 297 12.2
    $1,000-$1,249 155 6.4
    Others 615 25.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3059 63.3
    Employed, worked full-time 784 16.2
    Employed, worked part-time 661 13.7
    Unemployed, looking for work 196 4.1
    Employed, away from work 130 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 222 14.1
    Technicians & trades workers 234 14.8
    Community & personal service workers 219 13.9
    Sales 216 13.7
    Labourers 231 14.7
    Others 454 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 72 8.9
    Infants/Primary 296 36.8
    Secondary 261 32.4
    Technical or Further Educational Institution 120 14.9
    University or other Tertiary Institutions 42 5.2
    Others 14 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3119 58.8
    Semi-detached, row or terrace house, townhouse 1230 23.2
    Flat, unit or apartment 696 13.1
    Caravan, cabin, houseboat 221 4.2
    House or flat attached to a shop, office 34 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1344 51.9
    Rented 821 31.7
    Being purchased 398 15.4
    Other tenure type 26 1.0
    Tenure Type
Census 2011, ABS
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