Suburb Profile Report for Kooringal NSW (2650)

Kooringal House: Median price $305,000, Annual capital growth 2.75%, Number of sales 141, Weekly median advertised rent $330

Kooringal Unit: Median price $194,500, Annual capital growth 6.00%, Number of sales 17, Weekly median advertised rent $228

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Kooringal, 2650 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%

The five-year average increase in median property values for Kooringal,2650 has given property investors a potential capital gain of 8.93% across each of those five years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Kooringal itself are offering an average vendor discount of -5.62% to real estate investors.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 2.75%, investors should hope to achieve an overall return of 5.63%

Kooringal is in the bottom 20% in NSW when comparing median price capital growth over the last year. Kooringal gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.59%.

With the median price for a house in Kooringal being $194500 and the advertised rent reaching $227.5 the gross rental yield for property investors calculates out to be 6.08%

Metrics i HOUSE UNIT
$305,000 $194,500
0.99% N/A
0.00% -3.59%
2.75% 6.00%
$330 $228
141 17
5.63% 6.08%
94.41 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 7308
Median household income ($/weekly) 1021
Median age of persons 37
Median housing loan repayment ($/monthly) 1500
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 951 13.0
    25-34 years 912 12.5
    35-44 years 897 12.3
    45-54 years 909 12.4
    55-64 years 899 12.3
    Others 2740 37.5
    Age Group
    Census Count Percent(%)
    Registered Married 2568 47.5
    Not Married 2344 43.3
    Defacto Relationship 496 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 6324 90.3
    Croatia 91 1.3
    Papua New Guinea 54 0.8
    United Kingdom 124 1.8
    Other 148 2.1
    Others 264 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 0.6
    Christianity 5503 80.1
    Hinduism 34 0.5
    Islam 38 0.6
    No Religion 1243 18.1
    Others 17 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 336 12.8
    $600-$799 299 11.4
    $800-$999 273 10.4
    $1,000-$1,249 257 9.8
    $1,500-$1,999 319 12.2
    Others 1139 43.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2244 39.8
    Not in the labour force 1939 34.3
    Employed, worked part-time 1057 18.7
    Employed, away from work 223 4.0
    Unemployed, looking for work 182 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 670 19.0
    Technicians & trades workers 549 15.6
    Clerical & administrative workers 489 13.9
    Sales 398 11.3
    Labourers 440 12.5
    Others 979 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 122 6.5
    Infants/Primary 627 33.4
    Secondary 458 24.4
    Technical or Further Educational Institution 337 17.9
    University or other Tertiary Institutions 296 15.8
    Others 38 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6205 89.0
    Flat, unit or apartment 640 9.2
    Semi-detached, row or terrace house, townhouse 126 1.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1044 36.6
    Fully owned 910 31.9
    Being purchased 891 31.2
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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