Suburb Profile Report for Barrack Heights NSW (2528)

Barrack Heights House: Median price $549,000, Annual capital growth 6.89%, Number of sales 78, Weekly median advertised rent $445

Barrack Heights Unit: Median price $362,000, Annual capital growth 10.24%, Number of sales 14, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Barrack Heights have tracked just higher than the NSW average of 9.74% over the last 12 months.

Taking the average capital gain, or increase in median house value, Barrack Heights,2528 has racked up an average of 11.81% over the period. This ranks it number 222th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Barrack Heights is giving property investors an average Vendor Discount of around -3.23%. This puts suburb at number 1067th in NSW when ranking the most discounted suburbs.

Residents and property investors in Barrack Heights have been waiting around 34.06 days to sell a property.

With the median price for a house in Barrack Heights being $549000 and the advertised rent reaching $445 the gross rental yield for property investors calculates out to be 4.21%

Property value increases in Barrack Heights have tracked higher than the NSW average of 6.96% over the last 12 months.

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

Property investors looking for a bargain in Barrack Heights should be aiming for at least -2.39% off the asking price, which is the average vendor discount being achieved at the moment.

Barrack Heights, 2528’s gross rental yield is 4.74%

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 $362,000
3.58% 4.93%
11.81% 28.14%
6.89% 10.24%
$445 $330
78 14
4.21% 4.74%
34.06 37.5

Source: CoreLogic

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