Suburb Profile Report for South West Rocks NSW (2431)

South West Rocks House: Median price $395,000, Annual capital growth 1.90%, Number of sales 134, Weekly median advertised rent $360

South West Rocks Unit: Median price $292,500, Annual capital growth 1.93%, Number of sales 71, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

South West Rocks has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.54% to date .

Over the longer term, South West Rocks has seen property prices show investors a 17.91% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that South West Rocks is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 743th in terms of most discounted suburbs in NSW

Residents and property investors in South West Rocks have been waiting around 107.91 days to sell a property.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.74%, without taking into account capital value appreciation, which has been averaging out at 1.90%.

At number 124th in the list of Australian suburbs ordered by increase in median house value over the last year, South West Rocks, 2431 is in the top 10% with a property value increase of 22.90% recorded in median house prices.

Taking the average capital gain, or increase in median house value, South West Rocks,2431 has racked up an average of 22.90% over the period. This ranks it number 757th in the whole country for real estate investors looking at median house price increases.

South West Rocks, 2431 is offering NSW ‘s 202th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.69%, without taking into account capital value appreciation, which has been averaging out at 1.93%.

Metrics i HOUSE UNIT
$395,000 $292,500
0.00% 6.36%
3.54% 22.90%
1.90% 1.93%
$360 $320
134 71
4.74% 5.69%
107.91 116.3

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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