Suburb Profile Report for Austinmer NSW (2515)

Austinmer House: Median price $1,200,000, Annual capital growth 6.48%, Number of sales 31, Weekly median advertised rent $700

Austinmer Unit: Median price $732,500, Annual capital growth 6.63%, Number of sales 18, Weekly median advertised rent $560

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

Source: CoreLogic

  • House Report
  • Unit Report

Austinmer has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.09% to date .

Taking the average capital gain, or increase in median house value, Austinmer,2515 has racked up an average of 9.09% over the period. This ranks it number 361th in the whole country for real estate investors looking at median house price increases.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Austinmer itself are offering an average vendor discount of -8.91% to real estate investors.

Often selling an investment property can take time, and in Austinmer the average time real estate has been on the market is 65.06 days.

With the median price for a house in Austinmer being $1200000 and the advertised rent reaching $700 the gross rental yield for property investors calculates out to be 3.03%

Property value increases in Austinmer have tracked just lower than the NSW average of 5.41% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Austinmer has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Austinmer is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 453th in terms of most discounted suburbs in NSW

Renters in Suburb are facing rents around $6720 per annum or $560 every week.

HOUSE UNIT
$1,200,000 $732,500
2.78% 0.76%
9.09% -0.14%
6.48% 6.63%
$700 $560
31 18
3.03% 3.98%
65.06 59.25

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2452
Median household income ($/weekly) 1786
Median age of persons 40
Median housing loan repayment ($/monthly) 2167
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 344 14.0
    25-34 years 237 9.7
    35-44 years 351 14.3
    45-54 years 405 16.5
    55-64 years 340 13.9
    Others 775 31.6
    Age Group
    Census Count Percent(%)
    Registered Married 919 53.1
    Not Married 641 37.1
    Defacto Relationship 170 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1955 84.7
    Papua New Guinea 28 1.2
    South Africa 17 0.7
    United Kingdom 170 7.4
    Other 39 1.7
    Others 100 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 1.5
    Christianity 1348 60.5
    Islam 7 0.3
    Judaism 9 0.4
    No Religion 823 36.9
    Others 8 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 61 8.2
    $1,500-$1,999 81 10.9
    $2,000-$2,499 80 10.8
    $2,500-$2,999 100 13.5
    $3,000-$3,499 75 10.1
    Others 343 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 683 37.4
    Not in the labour force 563 30.8
    Employed, worked part-time 437 23.9
    Employed, away from work 92 5.0
    Unemployed, looking for work 52 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 173 14.3
    Professionals 480 39.7
    Technicians & trades workers 137 11.3
    Community & personal service workers 113 9.3
    Clerical & administrative workers 151 12.5
    Others 156 12.9
    Occupation
    Census Count Percent(%)
    Pre-school 62 8.7
    Infants/Primary 225 31.6
    Secondary 192 27.0
    Technical or Further Educational Institution 55 7.7
    University or other Tertiary Institutions 152 21.4
    Others 25 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1987 87.5
    Semi-detached, row or terrace house, townhouse 203 8.9
    Flat, unit or apartment 82 3.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 336 40.1
    Being purchased 309 36.9
    Rented 186 22.2
    Other tenure type 6 0.7
    Tenure Type
Census 2011, ABS
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