Suburb Profile Report for Worrigee NSW (2540)

Worrigee House: Median price $425,000, Annual capital growth 4.39%, Number of sales 120, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report

Investment property in Worrigee has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.09%

Worrigee,2540 has offered an average of 14.09% return per annum in house price rises to property investors over the last three years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Worrigee itself are offering an average vendor discount of -3.07% to real estate investors.

A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.77%, without taking into account capital value appreciation, which has been averaging out at 4.39%.

HOUSE UNIT
$425,000 N/A
3.66% N/A
14.09% N/A
4.39% N/A
$390 N/A
120 N/A
4.77% N/A
64.01 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 4552
Median household income ($/weekly) 1245
Median age of persons 31
Median housing loan repayment ($/monthly) 1733
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 446 9.8
    5-14 years 794 17.4
    25-34 years 665 14.6
    35-44 years 686 15.1
    45-54 years 507 11.1
    Others 1455 32.0
    Age Group
    Census Count Percent(%)
    Registered Married 1632 54.7
    Not Married 1009 33.8
    Defacto Relationship 342 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3852 89.9
    Greece 26 0.6
    Papua New Guinea 56 1.3
    United Kingdom 172 4.0
    Other 56 1.3
    Others 125 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 19 0.5
    Christianity 3210 77.1
    Islam 16 0.4
    Other Religious Groups 28 0.7
    No Religion 883 21.2
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 147 11.1
    $600-$799 141 10.7
    $1,250-$1,499 158 12.0
    $1,500-$1,999 192 14.5
    $2,000-$2,499 158 12.0
    Others 525 39.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1247 39.8
    Not in the labour force 1047 33.4
    Employed, worked part-time 594 19.0
    Employed, away from work 138 4.4
    Unemployed, looking for work 108 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 275 13.9
    Technicians & trades workers 405 20.5
    Community & personal service workers 294 14.9
    Clerical & administrative workers 252 12.7
    Sales 246 12.4
    Others 507 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 137 11.1
    Infants/Primary 502 40.7
    Secondary 346 28.0
    Technical or Further Educational Institution 110 8.9
    University or other Tertiary Institutions 114 9.2
    Others 25 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4112 97.2
    Semi-detached, row or terrace house, townhouse 78 1.8
    Flat, unit or apartment 37 0.9
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 656 44.6
    Rented 449 30.5
    Fully owned 359 24.4
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals