Suburb Profile Report for Urunga NSW (2455)

Urunga House: Median price $497,500, Annual capital growth 4.67%, Number of sales 75, Weekly median advertised rent $390

Urunga Unit: Median price $297,500, Annual capital growth 4.68%, Number of sales 13, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 802th in the list of Australian suburbs ordered by increase in median house value over the last year, Urunga, 2455 is in the top 20% with a property value increase of 15.70% recorded in median house prices.

While Urunga,2455 ranked number 371th in NSW for increase in median house value (annualised) increase, it is ranked 745th over the last 5 years.

Property buyers and investors in Urunga 2455 should be seeing an average reduction in asking price of around -5.69% . This means that Urunga is holding prices well when compared to other suburbs in NSW.

Often selling an investment property can take time, and in Urunga the average time real estate has been on the market is 107.5 days.

Urunga, 2455’s gross rental yield is 4.08%

Urunga has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.19% to date .

LACK OF BUYER INTEREST may well be the reason that Urunga is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 247th in terms of most discounted suburbs in NSW

At number 629 in a list of fastest selling suburbs, Urunga is just in the top half of suburbs in Australia with an average of days on market 67.3 for properties listed there.

A $280 per week rent on the median house gives suburb investors a gross yield of circa 4.89%, without taking into account capital value appreciation, which has been averaging out at 4.68%.

Metrics i HOUSE UNIT
$497,500 $297,500
4.30% 3.48%
15.70% 10.19%
4.67% 4.68%
$390 $280
75 13
4.08% 4.89%
107.5 67.3

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 3020
Median household income ($/weekly) 731
Median age of persons 51
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 352 11.7
    45-54 years 448 14.8
    55-64 years 508 16.8
    65-74 years 450 14.9
    75-84 years 324 10.7
    Others 938 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 1157 48.4
    Not Married 993 41.5
    Defacto Relationship 241 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2601 89.9
    Greece 15 0.5
    Papua New Guinea 24 0.8
    United Kingdom 174 6.0
    Other 20 0.7
    Others 59 2.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 1.3
    Christianity 2118 75.8
    Australian Aboriginal Traditional Religions 6 0.2
    Other Religious Groups 7 0.3
    No Religion 627 22.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 146 12.3
    $400-$599 246 20.7
    $600-$799 170 14.3
    $800-$999 152 12.8
    $1,000-$1,249 109 9.2
    Others 365 30.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1353 54.8
    Employed, worked full-time 551 22.3
    Employed, worked part-time 427 17.3
    Unemployed, looking for work 82 3.3
    Employed, away from work 55 2.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 172 16.6
    Technicians & trades workers 180 17.4
    Community & personal service workers 114 11.0
    Clerical & administrative workers 124 12.0
    Labourers 153 14.8
    Others 292 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 47 7.8
    Infants/Primary 194 32.4
    Secondary 225 37.6
    Technical or Further Educational Institution 87 14.5
    University or other Tertiary Institutions 40 6.7
    Others 6 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2518 86.0
    Flat, unit or apartment 198 6.8
    Caravan, cabin, houseboat 137 4.7
    Semi-detached, row or terrace house, townhouse 60 2.0
    House or flat attached to a shop, office 14 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 594 46.7
    Rented 386 30.4
    Being purchased 277 21.8
    Other tenure type 14 1.1
    Tenure Type
Census 2011, ABS
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