Suburb Profile Report for South West Rocks NSW (2431)

South West Rocks House: Median price $385,000, Annual capital growth 1.26%, Number of sales 125, Weekly median advertised rent $370

South West Rocks Unit: Median price $238,000, Annual capital growth -1.21%, Number of sales 52, Weekly median advertised rent $305

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in South West Rocks have tracked close to the NSW average of 7.15% over the last 12 months.

Across a shorter period, South West Rocks, 2431 has seen a median price increase of 2.67% over the last quarter.

Property investors looking for a bargain in South West Rocks should be aiming for at least -4.25% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $4440 per annum or $370 every week.

Property value increases in South West Rocks have tracked lower than the NSW average of 6.59% over the last 12 months.

While South West Rocks,2431 ranked number 446th in NSW for increase in median house value (annualised) increase, it is ranked 441th over the last 5 years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in South West Rocks itself are offering an average vendor discount of -5.14% to real estate investors.

Residents and property investors in South West Rocks have been waiting around 114.36 days to sell a property.

Using the current median advertised rental of $305 and the average annual increase in value of a median property of -1.21%, investors should hope to achieve an overall return of 6.66%

HOUSE UNIT
$385,000 $238,000
2.67% -2.06%
6.94% -12.50%
1.26% -1.21%
$370 $305
125 52
5.00% 6.66%
111.2 114.36

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4302
Median household income ($/weekly) 686
Median age of persons 53
Median housing loan repayment ($/monthly) 1495
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 449 10.4
    45-54 years 535 12.4
    55-64 years 728 16.9
    65-74 years 733 17.0
    75-84 years 429 10.0
    Others 1429 33.2
    Age Group
    Census Count Percent(%)
    Registered Married 1688 52.2
    Not Married 1242 38.4
    Defacto Relationship 306 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3733 91.7
    Greece 19 0.5
    Papua New Guinea 50 1.2
    United Kingdom 161 4.0
    Other 34 0.8
    Others 72 1.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 0.8
    Christianity 3130 79.1
    Hinduism 3 0.1
    Other Religious Groups 7 0.2
    No Religion 776 19.6
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 226 13.5
    $400-$599 369 22.1
    $600-$799 249 14.9
    $800-$999 196 11.7
    $1,000-$1,249 121 7.2
    Others 512 30.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2029 58.7
    Employed, worked full-time 688 19.9
    Employed, worked part-time 537 15.5
    Employed, away from work 114 3.3
    Unemployed, looking for work 91 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 174 13.0
    Professionals 185 13.8
    Technicians & trades workers 190 14.2
    Community & personal service workers 190 14.2
    Labourers 186 13.9
    Others 413 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 64 8.9
    Infants/Primary 285 39.8
    Secondary 219 30.6
    Technical or Further Educational Institution 81 11.3
    University or other Tertiary Institutions 45 6.3
    Others 22 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3511 87.6
    Flat, unit or apartment 265 6.6
    Semi-detached, row or terrace house, townhouse 214 5.3
    Caravan, cabin, houseboat 20 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 909 50.8
    Rented 540 30.2
    Being purchased 336 18.8
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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