Suburb Profile Report for Young NSW (2594)

Young House: Median price $250,000, Annual capital growth 2.98%, Number of sales 251, Weekly median advertised rent $260

Young Unit: Median price $175,000, Annual capital growth -2.09%, Number of sales 10, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Young have tracked just lower than the NSW average of 7.93% over the last 12 months.

Young,2594 was ranked 2662 in Australia by increase in median property value over the quarter.

The most recent median price for Young is $250000, with sellers offering an average of -6.69% off the asking price.

In the last year 251 properties changed hands in Young, which puts it as the 28th most active market in NSW when comparing the number of sales per suburb.

Young is 141th on a list of best yielding suburbs for rents in NSW with a 5.41% return

If you compare the increase in value of investment property in Young, 2594 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 2.94%.

On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.

The NSW suburb of Young, 2594 is in the Young local government area.

HOUSE UNIT
$250,000 $175,000
-0.50% N/A
2.04% 2.94%
2.98% -2.09%
$260 $230
251 10
5.41% 6.83%
131.25 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 10038
Median household income ($/weekly) 813
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1451 14.5
    25-34 years 1042 10.4
    35-44 years 1217 12.1
    45-54 years 1240 12.4
    55-64 years 1248 12.4
    Others 3840 38.3
    Age Group
    Census Count Percent(%)
    Registered Married 3375 49.2
    Not Married 2796 40.7
    Defacto Relationship 692 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8885 94.3
    New Zealand 33 0.4
    Papua New Guinea 79 0.8
    United Kingdom 159 1.7
    Other 60 0.6
    Others 209 2.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 0.4
    Christianity 7925 85.4
    Islam 138 1.5
    Other Religious Groups 18 0.2
    No Religion 1149 12.4
    Others 17 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 393 11.8
    $400-$599 524 15.8
    $600-$799 445 13.4
    $800-$999 364 11.0
    $1,500-$1,999 363 10.9
    Others 1233 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3043 41.4
    Employed, worked full-time 2415 32.9
    Employed, worked part-time 1372 18.7
    Unemployed, looking for work 284 3.9
    Employed, away from work 236 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 549 13.6
    Professionals 552 13.7
    Technicians & trades workers 663 16.5
    Sales 508 12.6
    Labourers 578 14.4
    Others 1173 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 206 9.1
    Infants/Primary 908 40.1
    Secondary 733 32.4
    Technical or Further Educational Institution 277 12.2
    University or other Tertiary Institutions 107 4.7
    Others 34 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8549 93.7
    Flat, unit or apartment 304 3.3
    Semi-detached, row or terrace house, townhouse 250 2.7
    Caravan, cabin, houseboat 17 0.2
    House or flat attached to a shop, office 7 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1428 39.4
    Being purchased 1085 29.9
    Rented 1085 29.9
    Other tenure type 30 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals