Suburb Profile Report for Cambridge Park NSW (2747)

Cambridge Park House: Median price $560,000, Annual capital growth 7.50%, Number of sales 118, Weekly median advertised rent $410

Cambridge Park Unit: Median price $435,500, Annual capital growth 4.81%, Number of sales 30, Weekly median advertised rent $380

  • 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 7.15% which means that Cambridge Park, 2747 has done well for property investors by showing a capital gain of 5.66% over the last year

Taking the average capital gain, or increase in median house value, Cambridge Park,2747 has racked up an average of 5.66% over the period. This ranks it number 166th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Cambridge Park should be aiming for at least -4.16% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 118 properties changed hands in Cambridge Park, which puts it as the 202th most active market in NSW when comparing the number of sales per suburb.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 3.81%, without taking into account capital value appreciation, which has been averaging out at 7.50%.

At number 1342th in the list of Australian suburbs ordered by increase in median house value over the last year, Cambridge Park, 2747 is in the BOTTOM 30% with a property value increase of -3.65% recorded in median house prices.

Across a shorter period, Cambridge Park, 2747 has seen a median price increase of -5.33% over the last quarter.

Sellers are offering property buyers an average discount of -4.85% to buyers in Cambridge Park at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 4.81%, investors should hope to achieve an overall return of 4.54%

HOUSE UNIT
$560,000 $435,500
-0.88% -5.33%
5.66% -3.65%
7.50% 4.81%
$410 $380
118 30
3.81% 4.54%
69.55 56.61

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6159
Median household income ($/weekly) 1239
Median age of persons 34
Median housing loan repayment ($/monthly) 1831
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 835 13.6
    25-34 years 981 15.9
    35-44 years 852 13.8
    45-54 years 724 11.8
    55-64 years 770 12.5
    Others 1997 32.4
    Age Group
    Census Count Percent(%)
    Registered Married 2087 45.4
    Not Married 2023 44.0
    Defacto Relationship 486 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4912 83.4
    Greece 50 0.8
    Papua New Guinea 101 1.7
    United Kingdom 341 5.8
    Other 132 2.2
    Others 353 6.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 0.7
    Christianity 4430 78.1
    Islam 48 0.8
    Other Religious Groups 32 0.6
    No Religion 1095 19.3
    Others 23 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 202 10.3
    $1,000-$1,249 204 10.4
    $1,250-$1,499 200 10.2
    $1,500-$1,999 296 15.1
    $2,000-$2,499 243 12.4
    Others 819 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1994 43.0
    Not in the labour force 1591 34.3
    Employed, worked part-time 711 15.3
    Employed, away from work 173 3.7
    Unemployed, looking for work 172 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 493 17.1
    Clerical & administrative workers 525 18.2
    Sales 319 11.1
    Machinery operators & drivers 367 12.7
    Labourers 336 11.7
    Others 840 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 138 9.6
    Infants/Primary 553 38.6
    Secondary 401 28.0
    Technical or Further Educational Institution 174 12.2
    University or other Tertiary Institutions 124 8.7
    Others 41 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4838 80.9
    Semi-detached, row or terrace house, townhouse 1054 17.6
    Flat, unit or apartment 76 1.3
    House or flat attached to a shop, office 10 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 930 43.7
    Fully owned 665 31.2
    Rented 524 24.6
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals