Suburb Profile Report for Buronga NSW (2739)

Buronga House: Median price $230,875, Annual capital growth 3.30%, Number of sales 31, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report

Giving property investors a a poor capital gain of -15.28% for the last year, Buronga, 2739 is the 4002th highest performer in Australia in this respect.

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

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 Buronga itself are offering an average vendor discount of -6.97% to real estate investors.

At number 2295 in a list of fastest selling suburbs, Buronga is in the bottom 40% of suburbs in Australia with an average of days on market 91.88 for properties listed there.

Advertised rents are around the $260 mark per week – giving a return of 5.86% based on the median price in Suburb

HOUSE UNIT
$230,875 N/A
-7.65% N/A
-15.28% N/A
3.30% N/A
$260 N/A
31 N/A
5.86% N/A
91.88 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 1131
Median household income ($/weekly) 1107
Median age of persons 36
Median housing loan repayment ($/monthly) 1365
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 158 14.0
    25-34 years 142 12.6
    35-44 years 145 12.8
    45-54 years 175 15.5
    55-64 years 138 12.2
    Others 373 33.0
    Age Group
    Census Count Percent(%)
    Registered Married 399 51.7
    Not Married 280 36.3
    Defacto Relationship 93 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 978 91.2
    Japan 22 2.1
    United Kingdom 30 2.8
    United States of America 8 0.7
    Other 13 1.2
    Others 21 2.0
    Country of Birth
    Census Count Percent(%)
    Christianity 710 69.4
    No Religion 301 29.4
    Judaism 7 0.7
    Buddhism 5 0.5
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 43 11.9
    $800-$999 33 9.2
    $1,000-$1,249 42 11.7
    $1,250-$1,499 32 8.9
    $1,500-$1,999 49 13.6
    Others 161 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 324 39.7
    Not in the labour force 280 34.3
    Employed, worked part-time 158 19.4
    Unemployed, looking for work 29 3.6
    Employed, away from work 25 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 79 15.6
    Professionals 110 21.7
    Technicians & trades workers 66 13.0
    Clerical & administrative workers 56 11.1
    Labourers 62 12.3
    Others 133 26.3
    Occupation
    Census Count Percent(%)
    Pre-school 22 8.8
    Infants/Primary 96 38.6
    Secondary 79 31.7
    Technical or Further Educational Institution 30 12.0
    University or other Tertiary Institutions 16 6.4
    Others 6 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 999 94.7
    Flat, unit or apartment 51 4.8
    Semi-detached, row or terrace house, townhouse 5 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 161 41.6
    Fully owned 114 29.5
    Rented 112 28.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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