Suburb Profile Report for Mittagong NSW (2575)

Mittagong House: Median price $710,000, Annual capital growth 7.46%, Number of sales 131, Weekly median advertised rent $495

Mittagong Unit: Median price $464,000, Annual capital growth 11.84%, Number of sales 25, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 11.06% which means that Mittagong, 2575 has done well for property investors by showing a capital gain of 9.02% over the last year

Taking the average capital gain, or increase in median house value, Mittagong,2575 has racked up an average of 9.02% over the period. This ranks it number 225th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Mittagong are currently offering property investors an average price cut of -4.66% below the asking price at the moment.

At number 1434 in a list of fastest selling suburbs, Mittagong is in the TOP 40% of suburbs in Australia with an average of days on market 64.93 for properties listed there.

Using the current median advertised rental of $495 and the average annual increase in value of a median property of 7.46%, investors should hope to achieve an overall return of 3.63%

Investment property in Mittagong has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -26.35%

If we look at median property appreciation over just the last three months, Mittagong has given property investors a paper return of -1.28%. This puts Suburb as 465 on a list of fastest fasting appreciating suburbs in NSW

Metrics i HOUSE UNIT
$710,000 $464,000
0.71% -1.28%
9.02% -26.35%
7.46% 11.84%
$495 N/A
131 25
3.63% N/A
64.93 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 5720
Median household income ($/weekly) 942
Median age of persons 45
Median housing loan repayment ($/monthly) 1863
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 732 12.8
    35-44 years 646 11.3
    45-54 years 749 13.1
    55-64 years 817 14.3
    65-74 years 693 12.1
    Others 2085 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 2031 51.1
    Not Married 1626 40.9
    Defacto Relationship 321 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4535 83.4
    Greece 36 0.7
    Papua New Guinea 101 1.9
    United Kingdom 394 7.2
    Other 104 1.9
    Others 269 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 54 1.0
    Christianity 3971 76.2
    Hinduism 22 0.4
    Other Religious Groups 26 0.5
    No Religion 1115 21.4
    Others 26 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 180 9.4
    $400-$599 279 14.6
    $600-$799 224 11.7
    $800-$999 199 10.4
    $1,500-$1,999 219 11.4
    Others 813 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1959 44.6
    Employed, worked full-time 1317 30.0
    Employed, worked part-time 866 19.7
    Employed, away from work 133 3.0
    Unemployed, looking for work 117 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 286 12.4
    Professionals 537 23.2
    Technicians & trades workers 352 15.2
    Community & personal service workers 238 10.3
    Clerical & administrative workers 268 11.6
    Others 631 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 88 6.4
    Infants/Primary 416 30.4
    Secondary 563 41.1
    Technical or Further Educational Institution 125 9.1
    University or other Tertiary Institutions 150 11.0
    Others 27 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4612 92.3
    Semi-detached, row or terrace house, townhouse 198 4.0
    Flat, unit or apartment 120 2.4
    Caravan, cabin, houseboat 53 1.1
    House or flat attached to a shop, office 16 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 907 42.7
    Being purchased 618 29.1
    Rented 576 27.1
    Other tenure type 22 1.0
    Tenure Type
Census 2011, ABS
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