Suburb Profile Report for Surfside NSW (2536)

Surfside House: Median price $385,000, Annual capital growth 3.14%, Number of sales 37, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Expert Report

Giving property investors a a solid capital gain of 17.92% for the last year, Surfside, 2536 is the 309th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Surfside comes in at number 920th in NSW.

Surfside2536 is located in NSW which offers an average discount of -5.53% to property investors. Surfside itself is showing figures that indicate -3.28% is the average achievable by property buyers investing in the suburb.

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Median prices in Surfside began to show significant growth in late 1987, according to Residex figures. From this point until 2004 Surfside’s story is one of steady and continual growth. Surfside’s medians in fact managed to show growth in 28 consecutive quarters, rising from $26,479 in September 1987 to $95,469 in September 1994.

Full summary

Median prices in Surfside began to show significant growth in late 1987, according to Residex figures. From this point until 2004 Surfside’s story is one of steady and continual growth. Surfside’s medians in fact managed to show growth in 28 consecutive quarters, rising from $26,479 in September 1987 to $95,469 in September 1994.

In 1994 however, began a trend of gradually increasing growth rates followed by a 2004 period of price fluctuations. Surfside then sees spikes at the beginning of 2006 ($300,512), 2008 ($324,071) and 2010 ($340,445), indicating a trend for summer purchases in these seaside suburbs.

“There’s a seasonal trend pre-Christmas, so you’ll find increases in pricing as well as turnover certainly at the start of the year because all the settlements would roll through from that pre-Christmas period,” explains Raine & Horne Batemans Bay licensee Adam Porteous.

Surfside does seem to have been affected by the GFC, but the crisis didn’t hit quite as hard here as it did in Malua Bay. Medians did plateau at around $324,000 throughout 2008 and during the first half of 2009, but this slowdown sits in stark contrast to Malua Bay’s price crash over the same period.

Porteous points out that Surfside’s proximity to the Batemans Bay CBD makes it more of a location for permanent residents than holiday home buyers, and this may explain why its market remained sturdier than Malua Bay’s during the GFC.

“Surfside is within a few kilometres of the Bateman’s Bay CBD, so you’ve got more of a permanent residency there. There’s more of a holidaymaker market down in Malua Bay,” he says. “I’d say 60% of properties in the Malua Bay area are either investment or holiday homes, and in tighter times the first thing to go won’t be the family home; it’ll be the investment property.”

Close
HOUSE UNIT
$385,000 N/A
6.94% N/A
17.92% N/A
3.14% N/A
$350 N/A
37 N/A
4.73% N/A
100.75 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1404
Median household income ($/weekly) 780
Median age of persons 42
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 202 14.4
    35-44 years 167 11.9
    45-54 years 179 12.7
    55-64 years 220 15.7
    65-74 years 178 12.7
    Others 459 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 510 52.7
    Not Married 361 37.3
    Defacto Relationship 97 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1137 86.0
    Hong Kong 13 1.0
    Papua New Guinea 18 1.4
    United Kingdom 64 4.8
    Other 22 1.7
    Others 68 5.1
    Country of Birth
    Census Count Percent(%)
    Christianity 930 75.5
    No Religion 289 23.5
    Other Religious Groups 5 0.4
    Buddhism 4 0.3
    Islam 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 43 9.1
    $400-$599 99 21.0
    $600-$799 71 15.1
    $800-$999 46 9.8
    $1,000-$1,249 52 11.0
    Others 160 34.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 501 48.9
    Employed, worked full-time 253 24.7
    Employed, worked part-time 184 18.0
    Unemployed, looking for work 46 4.5
    Employed, away from work 40 3.9
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 69 14.3
    Community & personal service workers 58 12.1
    Clerical & administrative workers 58 12.1
    Sales 75 15.6
    Labourers 69 14.3
    Others 152 31.6
    Occupation
    Census Count Percent(%)
    Pre-school 29 11.0
    Infants/Primary 126 47.9
    Secondary 76 28.9
    Technical or Further Educational Institution 16 6.1
    University or other Tertiary Institutions 10 3.8
    Others 6 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1217 94.9
    Semi-detached, row or terrace house, townhouse 35 2.7
    Flat, unit or apartment 18 1.4
    House or flat attached to a shop, office 12 0.9
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 215 41.4
    Rented 153 29.5
    Being purchased 148 28.5
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
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