Suburb Profile Report for Barrack Heights NSW (2528)

Barrack Heights House: Median price $549,000, Annual capital growth 6.75%, Number of sales 82, Weekly median advertised rent $450

Barrack Heights Unit: Median price $365,000, Annual capital growth 10.52%, Number of sales 15, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Barrack Heights, 2528 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.20%.

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.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Barrack Heights itself are offering an average vendor discount of -3.23% to real estate investors.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.75%, investors should hope to achieve an overall return of 4.26%

Property value increases in Barrack Heights have tracked higher than the NSW average of 6.22% over the last 12 months.

A 77.18% growth in median value for property investors in Barrack Heights,2528 puts this suburb at number 43th in terms of best performing suburbs in NSW

At number 370th of NSW’s most discounted properties, Barrack Heights is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Barrack Heights the average time real estate has been on the market is 38.3 days.

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
Metrics i HOUSE UNIT
$549,000 $365,000
5.68% 9.77%
13.20% 30.36%
6.75% 10.52%
$450 $330
82 15
4.26% 4.70%
34.17 38.3

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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