Suburb Profile Report for Figtree NSW (2525)

Figtree House: Median price $718,500, Annual capital growth 6.19%, Number of sales 160, Weekly median advertised rent $520

Figtree Unit: Median price $539,000, Annual capital growth 5.33%, Number of sales 31, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

Figtree has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.40% to date .

If we look at median property appreciation over just the last three months, Figtree has given property investors a paper return of 1.73%. This puts Suburb as 846 on a list of fastest fasting appreciating suburbs in NSW

Figtree2525 is located in NSW which offers an average discount of -5.28% to property investors. Figtree itself is showing figures that indicate -3.82% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 13.33 sales per month, which equates to 160 per year.

Using the current median advertised rental of $520 and the average annual increase in value of a median property of 6.19%, investors should hope to achieve an overall return of 3.76%

Figtree is an average performer in NSW when comparing median price capital growth over the last year. Figtree gave property investors a average capital gain figure when compared to the rest of the state, with 8.89%.

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

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.16% offered to property buyers. Sellers in Figtree itself are offering an average vendor discount of -4.26% to real estate investors.

On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.

Situated 68.85km from the CBD, Figtree is one of Wollongong localities in the postcode 2525.

Metrics i HOUSE UNIT
$718,500 $539,000
1.73% 2.76%
11.40% 8.89%
6.19% 5.33%
$520 $385
160 31
3.76% 3.71%
40.03 32.7

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 10629
Median household income ($/weekly) 1394
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1491 14.0
    25-34 years 1121 10.5
    35-44 years 1538 14.5
    45-54 years 1351 12.7
    55-64 years 1375 12.9
    Others 3753 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 4572 59.0
    Not Married 2729 35.2
    Defacto Relationship 451 5.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 7957 78.0
    Germany 202 2.0
    Japan 183 1.8
    United Kingdom 507 5.0
    Other 397 3.9
    Others 961 9.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 110 1.1
    Christianity 7863 79.0
    Islam 146 1.5
    Other Religious Groups 53 0.5
    No Religion 1735 17.4
    Others 49 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 359 10.8
    $1,500-$1,999 378 11.4
    $2,000-$2,499 337 10.2
    $2,500-$2,999 336 10.1
    $3,000-$3,499 262 7.9
    Others 1648 49.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3028 37.4
    Employed, worked full-time 2893 35.7
    Employed, worked part-time 1588 19.6
    Employed, away from work 324 4.0
    Unemployed, looking for work 270 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 515 10.7
    Professionals 1352 28.2
    Technicians & trades workers 649 13.5
    Community & personal service workers 457 9.5
    Clerical & administrative workers 725 15.1
    Others 1103 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 273 9.9
    Infants/Primary 970 35.2
    Secondary 749 27.2
    Technical or Further Educational Institution 221 8.0
    University or other Tertiary Institutions 497 18.0
    Others 46 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8942 89.4
    Semi-detached, row or terrace house, townhouse 466 4.7
    Flat, unit or apartment 353 3.5
    Caravan, cabin, houseboat 243 2.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1704 47.2
    Being purchased 1291 35.8
    Rented 593 16.4
    Other tenure type 20 0.6
    Tenure Type
Census 2011, ABS
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