Suburb Profile Report for South West Rocks NSW (2431)

South West Rocks House: Median price $391,000, Annual capital growth 1.66%, Number of sales 144, Weekly median advertised rent $380

South West Rocks Unit: Median price $275,000, Annual capital growth 1.35%, Number of sales 56, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in South West Rocks, 2431 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 7.12%.

While South West Rocks,2431 ranked number 789th in NSW for increase in median house value (annualised) increase, it is ranked 1153th over the last 5 years.

South West Rocks2431 is located in NSW which offers an average discount of -5.49% to property investors. South West Rocks itself is showing figures that indicate -4.17% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 12.00 sales per month, which equates to 144 per year.

South West Rocks, 2431’s gross rental yield is 5.05%

At number 942th in the list of Australian suburbs ordered by increase in median house value over the last year, South West Rocks, 2431 is in the BOTTOM 50% with a property value increase of 1.85% recorded in median house prices.

A 8.91% growth in median value for property investors in South West Rocks,2431 puts this suburb at number 378th in terms of best performing suburbs in NSW

At number 148th of NSW’s most discounted properties, South West Rocks is in the bottom 40% of the state/territory when listing in order of most discounted to least.

At number 1356 in a list of fastest selling suburbs, South West Rocks is in the bottom 10% of suburbs in Australia with an average of days on market 123.54 for properties listed there.

Using the current median advertised rental of $335 and the average annual increase in value of a median property of 1.35%, investors should hope to achieve an overall return of 6.33%

Metrics i HOUSE UNIT
$391,000 $275,000
1.56% 0.00%
7.12% 1.85%
1.66% 1.35%
$380 $335
144 56
5.05% 6.33%
110.29 123.54

Source: CoreLogic

DSR Score for property investment : Balanced (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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Recent sales & rentals