Suburb Profile Report for Turvey Park NSW (2650)

Turvey Park House: Median price $340,000, Annual capital growth 2.65%, Number of sales 75, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Turvey Park, 2650 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.90%.

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

The most recent median price for Turvey Park is $340000, with sellers offering an average of -6.85% off the asking price.

At number 2786 in a list of fastest selling suburbs, Turvey Park is in the bottom 30% of suburbs in Australia with an average of days on market 103.8 for properties listed there.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 2.65%.

Metrics i HOUSE UNIT
$340,000 N/A
-1.45% N/A
-4.90% N/A
2.65% N/A
$340 N/A
75 N/A
5.20% N/A
103.8 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 3549
Median household income ($/weekly) 1340
Median age of persons 34
Median housing loan repayment ($/monthly) 1600
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 533 15.0
    25-34 years 408 11.5
    35-44 years 472 13.3
    45-54 years 485 13.7
    55-64 years 357 10.1
    Others 1294 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 1156 46.8
    Not Married 1065 43.1
    Defacto Relationship 250 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3146 92.2
    Indonesia 16 0.5
    Papua New Guinea 15 0.4
    United Kingdom 64 1.9
    Other 93 2.7
    Others 78 2.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 0.9
    Christianity 2684 80.9
    Hinduism 10 0.3
    Islam 26 0.8
    No Religion 561 16.9
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 114 9.7
    $1,000-$1,249 114 9.7
    $1,250-$1,499 108 9.2
    $1,500-$1,999 189 16.1
    $2,000-$2,499 133 11.4
    Others 513 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1093 40.5
    Not in the labour force 815 30.2
    Employed, worked part-time 584 21.7
    Employed, away from work 114 4.2
    Unemployed, looking for work 91 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 461 25.7
    Technicians & trades workers 310 17.3
    Community & personal service workers 182 10.1
    Clerical & administrative workers 226 12.6
    Sales 224 12.5
    Others 391 21.8
    Occupation
    Census Count Percent(%)
    Pre-school 67 6.0
    Infants/Primary 319 28.7
    Secondary 337 30.3
    Technical or Further Educational Institution 126 11.3
    University or other Tertiary Institutions 245 22.1
    Others 17 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3107 95.8
    Flat, unit or apartment 112 3.5
    Semi-detached, row or terrace house, townhouse 13 0.4
    House or flat attached to a shop, office 9 0.3
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 484 38.4
    Fully owned 421 33.4
    Rented 351 27.9
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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