Suburb Profile Report for Casino NSW (2470)

Casino House: Median price $241,000, Annual capital growth 2.11%, Number of sales 228, Weekly median advertised rent $290

Casino Unit: Median price $153,500, Annual capital growth 1.39%, Number of sales 25, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Casino have tracked close to the NSW average of 8.26% over the last 12 months.

Over the longer term, Casino has seen property prices show investors a 9.55% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Casino is giving property investors an average Vendor Discount of around -7.26%. This puts suburb at number 208th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Casino the average time real estate has been on the market is 125.81 days.

Situated 579.48km from the CBD, Casino is one of Richmond Valley localities in the postcode 2470.

Property investors who have had real estate in Casino, 2470 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.06%

The five-year average increase in median property values for Casino,2470 has given property investors a potential capital gain of -37.35% across each of those five years.

Property buyers and investors in Casino 2470 should be seeing an average reduction in asking price of around -4.58% . This means that Casino is holding prices well when compared to other suburbs in NSW.

At number 1479 in a list of fastest selling suburbs, Casino is in the bottom 10% of suburbs in Australia with an average of days on market 162.2 for properties listed there.

With the median price for a house in Casino being $153500 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 7.79%

Metrics i HOUSE UNIT
$241,000 $153,500
2.55% -1.29%
7.11% -4.06%
2.11% 1.39%
$290 $230
228 25
6.26% 7.79%
125.81 162.2

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 10557
Median household income ($/weekly) 757
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1496 14.2
    35-44 years 1138 10.8
    45-54 years 1263 12.0
    55-64 years 1288 12.2
    65-74 years 1088 10.3
    Others 4285 40.6
    Age Group
    Census Count Percent(%)
    Not Married 3405 45.3
    Registered Married 3328 44.3
    Defacto Relationship 783 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 9406 95.3
    Papua New Guinea 55 0.6
    Philippines 43 0.4
    United Kingdom 168 1.7
    Other 50 0.5
    Others 150 1.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 0.3
    Christianity 8039 83.0
    Hinduism 6 0.1
    Other Religious Groups 26 0.3
    No Religion 1570 16.2
    Others 6 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 511 13.6
    $400-$599 670 17.9
    $600-$799 522 13.9
    $800-$999 445 11.9
    $1,500-$1,999 358 9.6
    Others 1239 33.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3818 49.0
    Employed, worked full-time 2165 27.8
    Employed, worked part-time 1195 15.3
    Unemployed, looking for work 357 4.6
    Employed, away from work 254 3.3
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 458 12.7
    Community & personal service workers 429 11.9
    Clerical & administrative workers 449 12.4
    Sales 379 10.5
    Labourers 848 23.5
    Others 1050 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 164 7.4
    Infants/Primary 912 41.3
    Secondary 686 31.0
    Technical or Further Educational Institution 247 11.2
    University or other Tertiary Institutions 153 6.9
    Others 48 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8730 88.4
    Flat, unit or apartment 635 6.4
    Semi-detached, row or terrace house, townhouse 382 3.9
    Caravan, cabin, houseboat 73 0.7
    House or flat attached to a shop, office 51 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1501 37.4
    Rented 1379 34.4
    Being purchased 1088 27.1
    Other tenure type 42 1.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals