Suburb Profile Report for Murwillumbah NSW (2484)

Murwillumbah House: Median price $420,000, Annual capital growth 3.23%, Number of sales 170, Weekly median advertised rent $415

Murwillumbah Unit: Median price $240,000, Annual capital growth 7.06%, Number of sales 42, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Murwillumbah has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.70% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Murwillumbah comes in at number 936th in NSW.

Property investors looking for a bargain in Murwillumbah should be aiming for at least -3.58% off the asking price, which is the average vendor discount being achieved at the moment.

Murwillumbah, 2484’s gross rental yield is 5.14%

Property investors who have had real estate in Murwillumbah, 2484 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 35.59%

Across a shorter period, Murwillumbah, 2484 has seen a median price increase of 8.35% over the last quarter.

Sellers are offering property buyers an average discount of -4.77% to buyers in Murwillumbah at the moment, which is less than average for the rest of NSW.

At number 929 in a list of fastest selling suburbs, Murwillumbah is in the bottom 40% of suburbs in Australia with an average of days on market 87.13 for properties listed there.

Metrics i HOUSE UNIT
$420,000 $240,000
4.74% 8.35%
11.70% 35.59%
3.23% 7.06%
$415 $350
170 42
5.14% 7.58%
80.92 87.13

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Murwillumbah NSW
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
Chart Table
Recent sales & rentals