Suburb Profile Report for Suffolk Park NSW (2481)

Suffolk Park House: Median price $885,000, Annual capital growth 5.79%, Number of sales 81, Weekly median advertised rent $660

Suffolk Park Unit: Median price $630,000, Annual capital growth 5.38%, Number of sales 43, Weekly median advertised rent $595

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Suffolk Park, 2481 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.45%

If we look at median property appreciation over just the last three months, Suffolk Park has given property investors a paper return of 5.99%. This puts Suburb as 176 on a list of fastest fasting appreciating suburbs in NSW

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.55% offered to property buyers. Sellers in Suffolk Park itself are offering an average vendor discount of -5.03% to real estate investors.

At number 1828 in a list of fastest selling suburbs, Suffolk Park is just in the top half of suburbs in Australia with an average of days on market 78.06 for properties listed there.

Advertised rents are around the $660 mark per week – giving a return of 3.88% based on the median price in Suburb

Property value increases in Suffolk Park have tracked just higher than the NSW average of 6.92% over the last 12 months.

A 31.25% growth in median value for property investors in Suffolk Park,2481 puts this suburb at number 123th in terms of best performing suburbs in NSW

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 Suffolk Park, 2481. Typically our figures indicate that -5.39% is being offered, which puts this NSW suburb at 618th most discounted overall in Australia.

Often selling an investment property can take time, and in Suffolk Park the average time real estate has been on the market is 37.21 days.

Using the current median advertised rental of $595 and the average annual increase in value of a median property of 5.38%, investors should hope to achieve an overall return of 4.91%

HOUSE UNIT
$885,000 $630,000
5.99% 3.28%
16.45% 11.01%
5.79% 5.38%
$660 $595
81 43
3.88% 4.91%
78.06 37.21

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3468
Median household income ($/weekly) 1030
Median age of persons 39
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 444 12.8
    25-34 years 451 13.0
    35-44 years 556 16.0
    45-54 years 610 17.6
    55-64 years 462 13.3
    Others 944 27.2
    Age Group
    Census Count Percent(%)
    Not Married 1159 49.3
    Registered Married 857 36.5
    Defacto Relationship 335 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2552 81.1
    Papua New Guinea 87 2.8
    United Kingdom 198 6.3
    United States of America 47 1.5
    Other 84 2.7
    Others 179 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 136 4.7
    Christianity 1441 49.5
    Judaism 29 1.0
    Other Religious Groups 53 1.8
    No Religion 1233 42.4
    Others 19 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 136 12.5
    $600-$799 116 10.6
    $800-$999 125 11.4
    $1,000-$1,249 103 9.4
    $1,500-$1,999 126 11.5
    Others 486 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 842 32.6
    Employed, worked full-time 739 28.6
    Employed, worked part-time 737 28.5
    Unemployed, looking for work 142 5.5
    Employed, away from work 122 4.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 231 14.4
    Professionals 398 24.9
    Technicians & trades workers 219 13.7
    Community & personal service workers 186 11.6
    Sales 178 11.1
    Others 387 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 66 8.3
    Infants/Primary 250 31.4
    Secondary 229 28.7
    Technical or Further Educational Institution 82 10.3
    University or other Tertiary Institutions 145 18.2
    Others 25 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2281 76.0
    Semi-detached, row or terrace house, townhouse 512 17.1
    Flat, unit or apartment 96 3.2
    Caravan, cabin, houseboat 95 3.2
    House or flat attached to a shop, office 11 0.4
    Others 6 0.2
    Dwelling Structure
    Census Count Percent(%)
    Rented 446 36.8
    Being purchased 405 33.4
    Fully owned 352 29.0
    Other tenure type 9 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals