Suburb Profile Report for Gerroa NSW (2534)

Gerroa House: Median price $922,500, Annual capital growth 3.27%, Number of sales 20, Weekly median advertised rent $498

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Gerroa, 2534 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.43%.

Comparing Gerroa,2534 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Gerroa is giving property investors an average Vendor Discount of around -5.71%. This puts suburb at number 478th in NSW when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $5970 per annum or $497.5 every week.

HOUSE UNIT
$922,500 N/A
3.07% N/A
5.43% N/A
3.27% N/A
$498 N/A
20 N/A
2.80% N/A
83.33 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 758
Median household income ($/weekly) 1125
Median age of persons 49
Median housing loan repayment ($/monthly) 1213
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 96 12.7
    35-44 years 70 9.2
    45-54 years 102 13.5
    55-64 years 140 18.5
    65-74 years 131 17.3
    Others 218 28.8
    Age Group
    Census Count Percent(%)
    Registered Married 312 58.5
    Not Married 183 34.3
    Defacto Relationship 38 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 628 86.7
    Germany 6 0.8
    Japan 15 2.1
    United Kingdom 42 5.8
    Other 8 1.1
    Others 25 3.5
    Country of Birth
    Census Count Percent(%)
    Christianity 528 76.0
    No Religion 155 22.3
    Hinduism 6 0.9
    Other Religious Groups 6 0.9
    Buddhism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 33 13.4
    $600-$799 31 12.6
    $800-$999 31 12.6
    $1,500-$1,999 30 12.1
    $2,500-$2,999 31 12.6
    Others 91 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 265 44.0
    Employed, worked full-time 160 26.6
    Employed, worked part-time 139 23.1
    Employed, away from work 31 5.1
    Unemployed, looking for work 7 1.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 67 20.2
    Professionals 107 32.2
    Technicians & trades workers 37 11.1
    Community & personal service workers 35 10.5
    Clerical & administrative workers 29 8.7
    Others 57 17.2
    Occupation
    Census Count Percent(%)
    Pre-school 13 7.7
    Infants/Primary 60 35.5
    Secondary 48 28.4
    Technical or Further Educational Institution 9 5.3
    University or other Tertiary Institutions 32 18.9
    Others 7 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 613 92.0
    Flat, unit or apartment 27 4.1
    Caravan, cabin, houseboat 26 3.9
    Semi-detached, row or terrace house, townhouse 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 139 52.5
    Rented 62 23.4
    Being purchased 61 23.0
    Other tenure type 3 1.1
    Tenure Type
Census 2011, ABS
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