Suburb Profile Report for Crestwood NSW (2620)

Crestwood House: Median price $455,000, Annual capital growth 2.41%, Number of sales 42, Weekly median advertised rent $450

Crestwood Unit: Median price $232,000, Annual capital growth 4.12%, Number of sales 97, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Crestwood has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.76% to date .

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

Property buyers and investors in Crestwood 2620 should be seeing an average reduction in asking price of around -2.94% . This means that Crestwood is holding prices well when compared to other suburbs in NSW.

Crestwood is in the bottom 10% in NSW when comparing median price capital growth over the last year. Crestwood gave property investors a dismal capital gain figure when compared to the rest of the state, with -17.14%.

Across a shorter period, Crestwood, 2620 has seen a median price increase of 7.53% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Crestwood is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 114th in terms of most discounted suburbs in NSW

Using the current median advertised rental of $250 and the average annual increase in value of a median property of 4.12%, investors should hope to achieve an overall return of 5.60%

Metrics i HOUSE UNIT
$455,000 $232,000
-0.55% 7.53%
3.76% -17.14%
2.41% 4.12%
$450 $250
42 97
5.14% 5.60%
75.36 117.66

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 4451
Median household income ($/weekly) 1257
Median age of persons 36
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 395 8.9
    25-34 years 871 19.6
    35-44 years 653 14.7
    45-54 years 581 13.1
    55-64 years 476 10.7
    Others 1474 33.1
    Age Group
    Census Count Percent(%)
    Not Married 1598 47.9
    Registered Married 1327 39.7
    Defacto Relationship 414 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3055 74.9
    Indonesia 77 1.9
    Japan 103 2.5
    United Kingdom 115 2.8
    Other 183 4.5
    Others 547 13.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 57 1.4
    Christianity 2790 70.9
    Islam 105 2.7
    Other Religious Groups 61 1.6
    No Religion 865 22.0
    Others 56 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 158 9.1
    $800-$999 161 9.3
    $1,000-$1,249 194 11.2
    $1,500-$1,999 246 14.2
    $2,000-$2,499 169 9.8
    Others 804 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1723 50.0
    Not in the labour force 976 28.3
    Employed, worked part-time 493 14.3
    Employed, away from work 177 5.1
    Unemployed, looking for work 78 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 246 10.3
    Professionals 466 19.5
    Technicians & trades workers 344 14.4
    Community & personal service workers 233 9.7
    Clerical & administrative workers 464 19.4
    Others 637 26.7
    Occupation
    Census Count Percent(%)
    Pre-school 60 7.6
    Infants/Primary 232 29.3
    Secondary 165 20.8
    Technical or Further Educational Institution 127 16.0
    University or other Tertiary Institutions 174 21.9
    Others 35 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2552 62.7
    Flat, unit or apartment 970 23.9
    Semi-detached, row or terrace house, townhouse 531 13.1
    House or flat attached to a shop, office 14 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 681 37.4
    Being purchased 619 34.0
    Fully owned 514 28.2
    Other tenure type 8 0.4
    Tenure Type
Census 2011, ABS
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