Suburb Profile Report for Grafton NSW (2460)

Grafton House: Median price $280,000, Annual capital growth 2.75%, Number of sales 210, Weekly median advertised rent $313

Grafton Unit: Median price $237,000, Annual capital growth 3.64%, Number of sales 33, Weekly median advertised rent $255

  • 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 Grafton, 2460 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.82%.

A 3.32% growth in median value for property investors in Grafton,2460 puts this suburb at number 823th in terms of best performing suburbs in NSW

Our latest figures would indicate that property sellers in Grafton are currently offering property investors an average price cut of -4.62% below the asking price at the moment.

Often selling an investment property can take time, and in Grafton the average time real estate has been on the market is 79.7 days.

Property investors should expect to get $312.5 weekly from the median priced house in this suburb.

At number 864th in the list of Australian suburbs ordered by increase in median house value over the last year, Grafton, 2460 is in the top half with a property value increase of 3.04% recorded in median house prices.

Over the longer term, Grafton has seen property prices show investors a 4.41% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Grafton, 2460. Typically our figures indicate that -3.36% is being offered, which puts this NSW suburb at 1250th most discounted overall in Australia.

A $255 per week rent on the median house gives suburb investors a gross yield of circa 5.59%, without taking into account capital value appreciation, which has been averaging out at 3.64%.

HOUSE UNIT
$280,000 $237,000
0.00% 4.75%
1.82% 3.04%
2.75% 3.64%
$313 $255
210 33
5.80% 5.59%
79.7 68.51

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 10205
Median household income ($/weekly) 816
Median age of persons 41
Median housing loan repayment ($/monthly) 1430
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1298 12.7
    25-34 years 1078 10.6
    35-44 years 1130 11.1
    45-54 years 1376 13.5
    55-64 years 1195 11.7
    Others 4128 40.5
    Age Group
    Census Count Percent(%)
    Not Married 3301 46.6
    Registered Married 3092 43.6
    Defacto Relationship 692 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 9251 94.6
    Papua New Guinea 56 0.6
    Philippines 28 0.3
    United Kingdom 203 2.1
    Other 73 0.7
    Others 170 1.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 0.4
    Christianity 7592 81.9
    Islam 14 0.2
    Other Religious Groups 35 0.4
    No Religion 1577 17.0
    Others 9 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 414 11.7
    $400-$599 609 17.2
    $600-$799 459 13.0
    $800-$999 362 10.2
    $1,500-$1,999 358 10.1
    Others 1339 37.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3695 46.5
    Employed, worked full-time 2256 28.4
    Employed, worked part-time 1394 17.5
    Unemployed, looking for work 341 4.3
    Employed, away from work 261 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 605 15.5
    Technicians & trades workers 531 13.6
    Community & personal service workers 596 15.2
    Clerical & administrative workers 546 14.0
    Sales 515 13.2
    Others 1118 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 194 9.0
    Infants/Primary 789 36.5
    Secondary 684 31.6
    Technical or Further Educational Institution 275 12.7
    University or other Tertiary Institutions 171 7.9
    Others 51 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7846 85.8
    Semi-detached, row or terrace house, townhouse 521 5.7
    Flat, unit or apartment 736 8.0
    Caravan, cabin, houseboat 28 0.3
    House or flat attached to a shop, office 13 0.1
    Others 4 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1483 38.5
    Rented 1219 31.7
    Being purchased 1136 29.5
    Other tenure type 13 0.3
    Tenure Type
Census 2011, ABS
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