Suburb Profile Report for Barrack Heights NSW (2528)

Barrack Heights House: Median price $495,000, Annual capital growth 5.50%, Number of sales 69, Weekly median advertised rent $430

Barrack Heights Unit: Median price $300,000, Annual capital growth 3.68%, Number of sales 17, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

NSW has seen average median house prices change by 7.93% which means that Barrack Heights, 2528 has done well for property investors by showing a capital gain of 14.45% over the last year

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

Barrack Heights2528 is located in NSW which offers an average discount of -5.55% to property investors. Barrack Heights itself is showing figures that indicate -3.41% is the average achievable by property buyers investing in the suburb.

Situated 82.50km from the CBD, Barrack Heights is one of Shellharbour localities in the postcode 2528.

Barrack Heights, 2528 ranked 55th in NSW when comparing growth in median property values or capital gain over the last 12 months. Barrack Heights is one of 3162 in our list for NSW

While Barrack Heights,2528 ranked number 63th in NSW for increase in median house value (annualised) increase, it is ranked 493th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Barrack Heights is offering property investors an average of -4.46. This rate of discount on properties puts Suburb at number 454th in terms of most discounted suburbs in NSW

The NSW suburb of Barrack Heights, 2528 is in the Shellharbour local government area.

YIP MAG Information supplied by:

YIP MAG
June 2016

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With strong growth and healthy rental returns, Barrack Heights looks likely to be an attractive choice for most investors.Full summary With strong growth and healthy rental returns, Barrack Heights looks likely to be an attractive choice for most investors.

But those investors who do consider the suburb, located between Shellharbour and Wollongong, should definitely do their research, as Barrack Heights is continuing its transformation from a place known for a high rate of antisocial behaviour to a more gentrified location.

Providing they choose the right street, those who take a chance in Barrack Heights could come out very happy. The median house price is still a relatively affordable $470,000, having grown 24% in the past year and 41% over
the past five.

It appears buyers are taking notice of that too, as houses are spending just 34 days on the market, on average.

Other attractions include both a public and private hospital nearby, as well as a number of schools and a TAFE campus, and the recently revamped Stocklands Shellharbour, the area’s leading retail facility.Close
HOUSE UNIT
$495,000 $300,000
0.81% 6.19%
14.45% 18.34%
5.50% 3.68%
$430 $310
69 17
4.52% 5.37%
35.15 41.52

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Barrack Heights NSW
Demographics
Total population 6016
Median household income ($/weekly) 943
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 784 13.0
    25-34 years 749 12.4
    35-44 years 730 12.1
    45-54 years 789 13.1
    55-64 years 766 12.7
    Others 2199 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 2143 48.5
    Not Married 1908 43.1
    Defacto Relationship 372 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4306 76.8
    Germany 211 3.8
    Japan 67 1.2
    United Kingdom 443 7.9
    Other 187 3.3
    Others 395 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.5
    Christianity 4418 80.4
    Islam 85 1.5
    Other Religious Groups 22 0.4
    No Religion 931 17.0
    Others 8 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 192 10.2
    $400-$599 309 16.3
    $600-$799 201 10.6
    $800-$999 187 9.9
    $1,500-$1,999 205 10.8
    Others 796 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2037 45.2
    Employed, worked full-time 1352 30.0
    Employed, worked part-time 750 16.6
    Unemployed, looking for work 196 4.3
    Employed, away from work 172 3.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 425 18.7
    Community & personal service workers 294 12.9
    Clerical & administrative workers 294 12.9
    Sales 301 13.2
    Labourers 275 12.1
    Others 686 30.2
    Occupation
    Census Count Percent(%)
    Pre-school 111 8.8
    Infants/Primary 474 37.6
    Secondary 375 29.7
    Technical or Further Educational Institution 155 12.3
    University or other Tertiary Institutions 121 9.6
    Others 26 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5274 92.9
    Semi-detached, row or terrace house, townhouse 270 4.8
    Flat, unit or apartment 110 1.9
    House or flat attached to a shop, office 19 0.3
    Caravan, cabin, houseboat 6 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 792 38.2
    Rented 651 31.4
    Being purchased 619 29.9
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals