Suburb Profile Report for Austinmer NSW (2515)

Austinmer House: Median price $1,205,000, Annual capital growth 7.19%, Number of sales 28, Weekly median advertised rent $688

Austinmer Unit: Median price $738,000, Annual capital growth 7.95%, Number of sales 23, Weekly median advertised rent $600

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 4.78% for the last year, Austinmer, 2515 is the 2128th highest performer in Australia in this respect.

While Austinmer,2515 ranked number 1070th in NSW for increase in median house value (annualised) increase, it is ranked 787th over the last 5 years.

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 -11.89% to real estate investors.

At number 1171 in a list of fastest selling suburbs, Austinmer is in the TOP 40% of suburbs in Australia with an average of days on market 64 for properties listed there.

A $687.5 per week rent on the median house gives suburb investors a gross yield of circa 2.97%, without taking into account capital value appreciation, which has been averaging out at 7.19%.

Investment property in Austinmer has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.28%

LACK OF BUYER INTEREST may well be the reason that Austinmer is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 446th in terms of most discounted suburbs in NSW

In the last year 23 properties changed hands in Austinmer, which puts it as the 434th most active market in NSW when comparing the number of sales per suburb.

Advertised rents are around the $600 mark per week – giving a return of 4.23% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,205,000 $738,000
0.21% 4.68%
4.78% 5.28%
7.19% 7.95%
$688 $600
28 23
2.97% 4.23%
64 51.1

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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