Suburb Profile Report for Evans Head NSW (2473)

Evans Head House: Median price $498,750, Annual capital growth 2.64%, Number of sales 36, Weekly median advertised rent $445

Evans Head Unit: Median price $349,000, Annual capital growth 1.82%, Number of sales 45, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 7.15% which means that Evans Head, 2473 has done well for property investors by showing a capital gain of 8.42% over the last year

Evans Head,2473 has offered an average of 8.42% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Evans Head 2473 should be seeing an average reduction in asking price of around -4.40% . This means that Evans Head is holding prices well when compared to other suburbs in NSW.

At number 2596 in a list of fastest selling suburbs, Evans Head is in the bottom 40% of suburbs in Australia with an average of days on market 98.95 for properties listed there.

A $445 per week rent on the median house gives suburb investors a gross yield of circa 4.64%, without taking into account capital value appreciation, which has been averaging out at 2.64%.

Evans Head has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -5.03% to date .

While Evans Head,2473 ranked number 536th in NSW for increase in median house value (annualised) increase, it is ranked 467th over the last 5 years.

Evans Head2473 is located in NSW which offers an average discount of -4.48% to property investors. Evans Head itself is showing figures that indicate -3.36% is the average achievable by property buyers investing in the suburb.

At number 1191 in a list of fastest selling suburbs, Evans Head is in the bottom 20% of suburbs in Australia with an average of days on market 104.5 for properties listed there.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

HOUSE UNIT
$498,750 $349,000
1.79% -9.35%
8.42% -5.03%
2.64% 1.82%
$445 $350
36 45
4.64% 5.21%
98.95 104.5

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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