Suburb Profile Report for Barrack Heights NSW (2528)

Barrack Heights House: Median price $515,000, Annual capital growth 6.23%, Number of sales 72, Weekly median advertised rent $440

Barrack Heights Unit: Median price $315,000, Annual capital growth 5.54%, Number of sales 15, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 878th in the list of Australian suburbs ordered by increase in median house value over the last year, Barrack Heights, 2528 is in the top 30% with a property value increase of 10.75% recorded in median house prices.

Comparing Barrack Heights,2528 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Barrack Heights, 2528. Typically our figures indicate that -3.29% is being offered, which puts this NSW suburb at 3486th most discounted overall in Australia.

At number 100 in a list of fastest selling suburbs, Barrack Heights is in the TOP 10% of suburbs in Australia with an average of days on market 35.46 for properties listed there.

Barrack Heights, 2528’s gross rental yield is 4.44%

Investment property in Barrack Heights has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.15%

Across a shorter period, Barrack Heights, 2528 has seen a median price increase of 5.00% over the last quarter.

Vendor discounting in Barrack Heights is giving property investors an average Vendor Discount of around -1.58%. This puts suburb at number 463th in NSW when ranking the most discounted suburbs.

Barrack Heights is 76th on a list of best yielding suburbs for rents in NSW with a 5.28% return

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
$515,000 $315,000
4.04% 5.00%
10.75% 21.15%
6.23% 5.54%
$440 $320
72 15
4.44% 5.28%
35.46 44.5

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