Suburb Profile Report for Gulgong NSW (2852)

Gulgong House: Median price $270,000, Annual capital growth 1.78%, Number of sales 34, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Gulgong, 2852 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.48%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gulgong 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 -5.28% offered to property buyers. Sellers in Gulgong itself are offering an average vendor discount of -7.18% to real estate investors.

At number 3640 in a list of fastest selling suburbs, Gulgong is in the bottom 10% of suburbs in Australia with an average of days on market 150.38 for properties listed there.

A $295 per week rent on the median house gives suburb investors a gross yield of circa 5.68%, without taking into account capital value appreciation, which has been averaging out at 1.78%.

Metrics i HOUSE UNIT
$270,000 N/A
-8.01% N/A
-11.48% N/A
1.78% N/A
$295 N/A
34 N/A
5.68% N/A
150.38 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2382
Median household income ($/weekly) 902
Median age of persons 39
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 339 14.2
    25-34 years 253 10.6
    35-44 years 287 12.0
    45-54 years 292 12.3
    55-64 years 330 13.8
    Others 882 37.0
    Age Group
    Census Count Percent(%)
    Registered Married 823 49.1
    Not Married 667 39.8
    Defacto Relationship 187 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2078 92.6
    Papua New Guinea 18 0.8
    Philippines 13 0.6
    United Kingdom 67 3.0
    Other 11 0.5
    Others 56 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 13 0.6
    Christianity 1815 83.4
    Hinduism 8 0.4
    Islam 3 0.1
    No Religion 335 15.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 100 12.7
    $400-$599 115 14.6
    $600-$799 74 9.4
    $800-$999 78 9.9
    $1,500-$1,999 82 10.4
    Others 336 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 723 41.2
    Employed, worked full-time 584 33.3
    Employed, worked part-time 312 17.8
    Employed, away from work 69 3.9
    Unemployed, looking for work 67 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 95 9.8
    Professionals 97 10.1
    Technicians & trades workers 177 18.3
    Machinery operators & drivers 165 17.1
    Labourers 141 14.6
    Others 290 30.1
    Occupation
    Census Count Percent(%)
    Pre-school 60 11.9
    Infants/Primary 200 39.8
    Secondary 152 30.2
    Technical or Further Educational Institution 59 11.7
    University or other Tertiary Institutions 26 5.2
    Others 6 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2109 96.1
    Flat, unit or apartment 61 2.8
    Caravan, cabin, houseboat 15 0.7
    House or flat attached to a shop, office 5 0.2
    Semi-detached, row or terrace house, townhouse 4 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 356 40.5
    Being purchased 263 30.0
    Rented 259 29.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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