Suburb Profile Report for Crestwood NSW (2620)

Crestwood House: Median price $465,000, Annual capital growth 3.81%, Number of sales 52, Weekly median advertised rent $450

Crestwood Unit: Median price $265,000, Annual capital growth 6.54%, Number of sales 74, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Crestwood, 2620 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 5.20%.

While Crestwood,2620 ranked number 160th in NSW for increase in median house value (annualised) increase, it is ranked 1133th over the last 5 years.

The most recent median price for Crestwood is $465000, with sellers offering an average of -4.78% off the asking price.

At number 2791 in a list of fastest selling suburbs, Crestwood is in the bottom 30% of suburbs in Australia with an average of days on market 104.89 for properties listed there.

Advertised rents are around the $450 mark per week – giving a return of 5.03% based on the median price in Suburb

NSW has seen average median house prices change by 6.59% which means that Crestwood, 2620 has done well for property investors by showing a capital gain of -8.93% over the last year

Crestwood,2620 was ranked 1653 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Crestwood should be aiming for at least -5.35% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 74 properties changed hands in Crestwood, which puts it as the 196th most active market in NSW when comparing the number of sales per suburb.

A $240 per week rent on the median house gives suburb investors a gross yield of circa 4.71%, without taking into account capital value appreciation, which has been averaging out at 6.54%.

HOUSE UNIT
$465,000 $265,000
5.68% -10.77%
5.20% -8.93%
3.81% 6.54%
$450 $240
52 74
5.03% 4.71%
104.89 125.48

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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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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