Suburb Profile Report for Mulwala NSW (2647)

Mulwala House: Median price $342,500, Annual capital growth 2.44%, Number of sales 33, Weekly median advertised rent $290

Mulwala Unit: Median price $220,000, Annual capital growth -0.83%, Number of sales 23, Weekly median advertised rent $250

  • 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 9.74% which means that Mulwala, 2647 has done well for property investors by showing a capital gain of 3.47% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Mulwala comes in at number 1286th in NSW.

Property buyers and investors in Mulwala 2647 should be seeing an average reduction in asking price of around -5.84% . This means that Mulwala is holding prices well when compared to other suburbs in NSW.

At number 3724 in a list of fastest selling suburbs, Mulwala is in the bottom 10% of suburbs in Australia with an average of days on market 174.6 for properties listed there.

Renters in Suburb are facing rents around $3480 per annum or $290 every week.

Property value increases in Mulwala have tracked just lower than the NSW average of 6.96% over the last 12 months.

The five-year average increase in median property values for Mulwala,2647 has given property investors a potential capital gain of -27.87% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mulwala, 2647. Typically our figures indicate that -9.50% is being offered, which puts this NSW suburb at 96th most discounted overall in Australia.

Residents and property investors in Mulwala have been waiting around 101.63 days to sell a property.

Using the current median advertised rental of $250 and the average annual increase in value of a median property of -0.83%, investors should hope to achieve an overall return of 5.91%

Metrics i HOUSE UNIT
$342,500 $220,000
0.74% 2.44%
3.47% 0.92%
2.44% -0.83%
$290 $250
33 23
4.40% 5.91%
174.6 101.63

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
Find a mortgage broker in Mulwala NSW
Demographics
Total population 1903
Median household income ($/weekly) 826
Median age of persons 51
Median housing loan repayment ($/monthly) 1517
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 180 9.5
    35-44 years 195 10.2
    45-54 years 234 12.3
    55-64 years 336 17.6
    65-74 years 345 18.1
    Others 614 32.2
    Age Group
    Census Count Percent(%)
    Registered Married 842 59.2
    Not Married 459 32.3
    Defacto Relationship 121 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1697 92.8
    Greece 10 0.5
    Papua New Guinea 11 0.6
    United Kingdom 74 4.0
    United States of America 9 0.5
    Others 27 1.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1393 79.0
    No Religion 355 20.1
    Buddhism 9 0.5
    Judaism 3 0.2
    Other Religious Groups 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 68 9.7
    $400-$599 131 18.6
    $600-$799 85 12.1
    $800-$999 83 11.8
    $1,250-$1,499 83 11.8
    Others 254 36.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 733 47.2
    Employed, worked full-time 479 30.8
    Employed, worked part-time 264 17.0
    Employed, away from work 49 3.2
    Unemployed, looking for work 29 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 136 17.2
    Technicians & trades workers 154 19.4
    Community & personal service workers 78 9.8
    Clerical & administrative workers 84 10.6
    Labourers 130 16.4
    Others 211 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 36 11.5
    Infants/Primary 111 35.4
    Secondary 104 33.1
    Technical or Further Educational Institution 39 12.4
    University or other Tertiary Institutions 13 4.1
    Others 11 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1466 85.4
    Semi-detached, row or terrace house, townhouse 78 4.5
    Flat, unit or apartment 130 7.6
    Caravan, cabin, houseboat 26 1.5
    House or flat attached to a shop, office 9 0.5
    Others 8 0.5
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 369 49.1
    Being purchased 199 26.5
    Rented 175 23.3
    Other tenure type 9 1.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals