Suburb Profile Report for Evans Head NSW (2473)

Evans Head House: Median price $500,000, Annual capital growth 1.89%, Number of sales 42, Weekly median advertised rent $450

Evans Head Unit: Median price $309,000, Annual capital growth 0.81%, Number of sales 59, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

Evans Head has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.25% to date .

Across a shorter period, Evans Head, 2473 has seen a median price increase of 3.63% over the last quarter.

The most recent median price for Evans Head is $500000, with sellers offering an average of -4.58% off the asking price.

At number 2650 in a list of fastest selling suburbs, Evans Head is in the bottom 30% of suburbs in Australia with an average of days on market 100.08 for properties listed there.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.68%, without taking into account capital value appreciation, which has been averaging out at 1.89%.

Property value increases in Evans Head have tracked lower than the NSW average of 6.22% over the last 12 months.

The five-year average increase in median property values for Evans Head,2473 has given property investors a potential capital gain of -9.12% across each of those five years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.26% offered to property buyers. Sellers in Evans Head itself are offering an average vendor discount of -2.86% to real estate investors.

Residents and property investors in Evans Head have been waiting around 74.07 days to sell a property.

Evans Head is 15th on a list of best yielding suburbs for rents in NSW with a 6.48% return

Metrics i HOUSE UNIT
$500,000 $309,000
3.63% -12.22%
-0.25% -16.71%
1.89% 0.81%
$450 $385
42 59
4.68% 6.48%
100.08 74.07

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 2729
Median household income ($/weekly) 700
Median age of persons 49
Median housing loan repayment ($/monthly) 1305
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 292 10.7
    45-54 years 422 15.5
    55-64 years 412 15.1
    65-74 years 330 12.1
    75-84 years 281 10.3
    Others 992 36.4
    Age Group
    Census Count Percent(%)
    Not Married 926 45.7
    Registered Married 906 44.7
    Defacto Relationship 196 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2393 92.5
    Papua New Guinea 26 1.0
    United Kingdom 71 2.7
    United States of America 23 0.9
    Other 14 0.5
    Others 59 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 1885 76.4
    No Religion 554 22.5
    Buddhism 18 0.7
    Other Religious Groups 10 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 145 13.6
    $400-$599 211 19.8
    $600-$799 153 14.3
    $800-$999 133 12.5
    $1,000-$1,249 88 8.2
    Others 337 31.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1144 53.1
    Employed, worked full-time 502 23.3
    Employed, worked part-time 340 15.8
    Unemployed, looking for work 98 4.5
    Employed, away from work 72 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 152 16.6
    Technicians & trades workers 132 14.4
    Community & personal service workers 143 15.6
    Sales 115 12.5
    Labourers 112 12.2
    Others 263 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 57 10.6
    Infants/Primary 185 34.4
    Secondary 174 32.3
    Technical or Further Educational Institution 59 11.0
    University or other Tertiary Institutions 50 9.3
    Others 13 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1608 63.8
    Semi-detached, row or terrace house, townhouse 448 17.8
    Flat, unit or apartment 361 14.3
    Caravan, cabin, houseboat 87 3.5
    House or flat attached to a shop, office 15 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 513 44.5
    Fully owned 448 38.8
    Being purchased 187 16.2
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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