Suburb Profile Report for Schofields NSW (2762)

Schofields House: Median price $797,500, Annual capital growth 8.68%, Number of sales 160, Weekly median advertised rent $500

Schofields Unit: Median price $675,000, Annual capital growth 8.59%, Number of sales 19, Weekly median advertised rent $530

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

Source: CoreLogic

  • House Report
  • Unit Report

Schofields has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 19.78% to date .

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

LACK OF BUYER INTEREST may well be the reason that Schofields is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 233th in terms of most discounted suburbs in NSW

A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.26%, without taking into account capital value appreciation, which has been averaging out at 8.68%.

At number 409th in the list of Australian suburbs ordered by increase in median house value over the last year, Schofields, 2762 is in the top 30% with a property value increase of 9.76% recorded in median house prices.

Using the current median advertised rental of $530 and the average annual increase in value of a median property of 8.59%, investors should hope to achieve an overall return of 4.08%

Metrics i HOUSE UNIT
$797,500 $675,000
5.07% -0.37%
19.78% 9.76%
8.68% 8.59%
$500 $530
160 19
3.26% 4.08%
78.21 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Poor (U)
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Demographics
Total population 3812
Median household income ($/weekly) 1454
Median age of persons 35
Median housing loan repayment ($/monthly) 2159
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 567 14.9
    25-34 years 536 14.1
    35-44 years 542 14.2
    45-54 years 553 14.5
    55-64 years 422 11.1
    Others 1193 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 1440 51.3
    Not Married 1148 40.9
    Defacto Relationship 218 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2821 76.8
    Netherlands 173 4.7
    Papua New Guinea 58 1.6
    United Kingdom 129 3.5
    Other 122 3.3
    Others 368 10.0
    Country of Birth
    Census Count Percent(%)
    Christianity 2943 82.0
    Hinduism 49 1.4
    Islam 48 1.3
    Other Religious Groups 30 0.8
    No Religion 493 13.7
    Others 25 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 100 8.8
    $1,250-$1,499 97 8.5
    $1,500-$1,999 167 14.7
    $2,000-$2,499 140 12.3
    $2,500-$2,999 100 8.8
    Others 533 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1288 45.0
    Not in the labour force 813 28.4
    Employed, worked part-time 548 19.1
    Employed, away from work 131 4.6
    Unemployed, looking for work 84 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 239 12.2
    Professionals 293 14.9
    Technicians & trades workers 325 16.5
    Clerical & administrative workers 333 16.9
    Labourers 206 10.5
    Others 570 29.0
    Occupation
    Census Count Percent(%)
    Pre-school 73 7.6
    Infants/Primary 361 37.8
    Secondary 291 30.5
    Technical or Further Educational Institution 81 8.5
    University or other Tertiary Institutions 130 13.6
    Others 19 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3548 96.5
    Semi-detached, row or terrace house, townhouse 114 3.1
    Flat, unit or apartment 10 0.3
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 475 38.5
    Fully owned 443 35.9
    Rented 312 25.3
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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