Suburb Profile Report for Greenwell Point NSW (2540)

Greenwell Point House: Median price $412,000, Annual capital growth 4.12%, Number of sales 35, Weekly median advertised rent $323

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

Source: CoreLogic

  • House Report
  • Expert Report

Greenwell Point is in the bottom 20% in NSW when comparing median price capital growth over the last year. Greenwell Point gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.86%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Greenwell Point has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -5.80% to buyers in Greenwell Point at the moment, which is less than average for the rest of NSW.

The NSW suburb of Greenwell Point, 2540 is in the Shoalhaven local government area.

YIP MAG Information supplied by:

YIP MAG
July 2016

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Considered an excellent inexpensive seaside getaway, Greenwell Point has made a name for itself with its famous seafood and casual, chill environment.Full summary Considered an excellent inexpensive seaside getaway, Greenwell Point has made a name for itself with its famous seafood and casual, chill environment.

Located just a couple of hours’ south of Sydney past Wollongong, this Shoalhaven suburb is a lively area that attracts many people.

Houses remain quite affordable here at a median price of just $432,000.

Nonetheless, Greenwell Point has seen a lot of growth, especially over the past 12 months.

The area is favoured by retirees who enjoy the laid-back atmosphere, as well as by families.

Greenwell Point also appeals to investors, who can gain over 4% yield.

In general, residents look for properties priced between $400,000 and $500,000, as well as homes facing the river on higher ground.

According to Peter Rapley, sales consultant at Raine & Horne Nowra, this suburb has “everything”. Both nature-based and man-made amenities are provided, and public transport to CBDs is easily accessible.

Given its proximity to Nowra, quiet environment and affordability, Greenwell Point is expected to sustain considerable growth throughout the decade.Close
HOUSE UNIT
$412,000 N/A
-1.32% N/A
0.86% N/A
4.12% N/A
$323 N/A
35 N/A
4.07% N/A
88.96 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 1198
Median household income ($/weekly) 737
Median age of persons 55
Median housing loan repayment ($/monthly) 1559
Average household size 2.1
  • Census Count Percent(%)
    35-44 years 102 8.5
    45-54 years 161 13.4
    55-64 years 229 19.1
    65-74 years 227 18.9
    75-84 years 121 10.1
    Others 358 29.9
    Age Group
    Census Count Percent(%)
    Registered Married 503 54.9
    Not Married 343 37.4
    Defacto Relationship 70 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 980 88.5
    Greece 7 0.6
    Papua New Guinea 13 1.2
    Philippines 9 0.8
    United Kingdom 68 6.1
    Others 30 2.7
    Country of Birth
    Census Count Percent(%)
    Christianity 873 79.9
    No Religion 216 19.8
    Islam 4 0.4
    Buddhism 0 0.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 57 12.3
    $400-$599 85 18.4
    $600-$799 70 15.2
    $800-$999 49 10.6
    $1,000-$1,249 49 10.6
    Others 152 32.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 543 55.7
    Employed, worked full-time 221 22.7
    Employed, worked part-time 141 14.5
    Employed, away from work 40 4.1
    Unemployed, looking for work 30 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 64 15.8
    Professionals 59 14.5
    Technicians & trades workers 66 16.3
    Community & personal service workers 45 11.1
    Labourers 54 13.3
    Others 118 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 16 10.5
    Infants/Primary 55 35.9
    Secondary 40 26.1
    Technical or Further Educational Institution 19 12.4
    University or other Tertiary Institutions 18 11.8
    Others 5 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 982 91.7
    Caravan, cabin, houseboat 33 3.1
    Flat, unit or apartment 32 3.0
    Semi-detached, row or terrace house, townhouse 24 2.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 255 50.9
    Being purchased 131 26.1
    Rented 110 22.0
    Other tenure type 5 1.0
    Tenure Type
Census 2011, ABS
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