Suburb Profile Report for Murwillumbah NSW (2484)

Murwillumbah House: Median price $395,000, Annual capital growth 3.46%, Number of sales 165, Weekly median advertised rent $395

Murwillumbah Unit: Median price $221,500, Annual capital growth 7.55%, Number of sales 55, Weekly median advertised rent $370

  • 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 Murwillumbah, 2484 has done well for property investors by showing a capital gain of 6.90% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Murwillumbah comes in at number 938th in NSW.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Murwillumbah itself are offering an average vendor discount of -3.81% to real estate investors.

The NSW suburb of Murwillumbah, 2484 is in the Tweed local government area.

Murwillumbah is in the bottom 20% in NSW when comparing median price capital growth over the last year. Murwillumbah gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.70%.

Murwillumbah,2484 has offered an average of -3.70% return per annum in house price rises to property investors over the last three years.

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 Murwillumbah, 2484. Typically our figures indicate that -4.81% is being offered, which puts this NSW suburb at 826th most discounted overall in Australia.

Using the current median advertised rental of $370 and the average annual increase in value of a median property of 7.55%, investors should hope to achieve an overall return of 8.69%

HOUSE UNIT
$395,000 $221,500
2.60% 16.58%
6.90% -3.70%
3.46% 7.55%
$395 $370
165 55
5.20% 8.69%
89.96 123.68

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6342
Median household income ($/weekly) 770
Median age of persons 43
Median housing loan repayment ($/monthly) 1709
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 818 12.9
    35-44 years 741 11.7
    45-54 years 880 13.9
    55-64 years 721 11.4
    65-74 years 606 9.6
    Others 2576 40.6
    Age Group
    Census Count Percent(%)
    Registered Married 2044 45.7
    Not Married 2040 45.6
    Defacto Relationship 390 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 5331 88.3
    Indonesia 62 1.0
    Papua New Guinea 111 1.8
    United Kingdom 254 4.2
    Other 80 1.3
    Others 202 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 1.4
    Christianity 4048 70.5
    Hinduism 118 2.1
    Other Religious Groups 103 1.8
    No Religion 1376 24.0
    Others 13 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 273 12.4
    $400-$599 395 17.9
    $600-$799 328 14.9
    $800-$999 249 11.3
    $1,500-$1,999 215 9.7
    Others 748 33.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2330 48.6
    Employed, worked full-time 1230 25.7
    Employed, worked part-time 854 17.8
    Unemployed, looking for work 216 4.5
    Employed, away from work 163 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 376 16.7
    Technicians & trades workers 340 15.1
    Clerical & administrative workers 276 12.3
    Sales 275 12.2
    Labourers 304 13.5
    Others 679 30.2
    Occupation
    Census Count Percent(%)
    Pre-school 103 7.3
    Infants/Primary 533 38.0
    Secondary 436 31.1
    Technical or Further Educational Institution 166 11.8
    University or other Tertiary Institutions 133 9.5
    Others 33 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4870 83.6
    Flat, unit or apartment 476 8.2
    Semi-detached, row or terrace house, townhouse 450 7.7
    House or flat attached to a shop, office 26 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 884 37.3
    Rented 752 31.7
    Being purchased 718 30.3
    Other tenure type 15 0.6
    Tenure Type
Census 2011, ABS
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