Suburb Profile Report for Pymble NSW (2073)

Pymble House: Median price $2,420,000, Annual capital growth 8.23%, Number of sales 98, Weekly median advertised rent $1,200

Pymble Unit: Median price $895,000, Annual capital growth 5.08%, Number of sales 94, Weekly median advertised rent $620

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Pymble has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.20%

A 52.97% growth in median value for property investors in Pymble,2073 puts this suburb at number 154th in terms of best performing suburbs in NSW

Property buyers and investors in Pymble 2073 should be seeing an average reduction in asking price of around -4.80% . This means that Pymble is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.

Using the current median advertised rental of $1200 and the average annual increase in value of a median property of 8.23%, investors should hope to achieve an overall return of 2.58%

Property value increases in Pymble have tracked close to the NSW average of -3.83% over the last 12 months.

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

LACK OF BUYER INTEREST may well be the reason that Pymble is offering property investors an average of -6.91. This rate of discount on properties puts Suburb at number 152th in terms of most discounted suburbs in NSW

Residents and property investors in Pymble have been waiting around 56.1724 days to sell a property.

Information supplied by:




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Pymble, NSW – House and unit supply soars

Postcode: 2073

Median unit price: $885,000

Stock on market: 18.5%

12-month growth: -1%

A suburb that offers views of the Chatswood skyline via Pymble Hill, the suburb of Pymble is ideal for buyers who are looking for a simple, relaxed suburban lifestyle. Supply has recently risen by 18.5%, which accommodates more residents.

Pymble attracts many elderly residents, and many aged-care homes are being constructed here. It is also attractive to established two-income families, being close to exclusive private schools like Pymble Ladies College. The Pymble train station is well-used and transports many of the suburb’s residents to the CBD for work, and the way it facilitates easy travel to Sydney is one of Pymble’s main draws. More than a station, it also contains a shopping precinct.

Metrics i HOUSE UNIT
$2,420,000 $895,000
2.93% 5.92%
3.20% -3.24%
8.23% 5.08%
$1,200 $620
98 94
2.58% 3.60%
87.1 56.1724137931035

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 10582
Median household income ($/weekly) 2671
Median age of persons 40
Median housing loan repayment ($/monthly) 3215
Average household size 3
  • Census Count Percent(%)
    5-14 years 1678 15.9
    15-19 years 945 8.9
    35-44 years 1397 13.2
    45-54 years 1804 17.0
    55-64 years 1362 12.9
    Others 3396 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 4870 62.4
    Not Married 2652 34.0
    Defacto Relationship 277 3.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6447 63.0
    Croatia 414 4.0
    India 320 3.1
    United Kingdom 683 6.7
    Other 512 5.0
    Others 1855 18.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 361 3.7
    Christianity 6625 67.0
    Hinduism 191 1.9
    Judaism 174 1.8
    No Religion 2350 23.8
    Others 184 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 283 9.6
    $2,500-$2,999 553 18.8
    $3,000-$3,499 349 11.9
    $3,500 -$3,999 230 7.8
    $4,000 or more 526 17.9
    Others 998 34.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3142 38.6
    Not in the labour force 2877 35.4
    Employed, worked part-time 1611 19.8
    Employed, away from work 261 3.2
    Unemployed, looking for work 243 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 1076 21.5
    Professionals 2022 40.3
    Community & personal service workers 332 6.6
    Clerical & administrative workers 701 14.0
    Sales 403 8.0
    Others 481 9.6
    Occupation
    Census Count Percent(%)
    Pre-school 213 6.3
    Infants/Primary 1067 31.5
    Secondary 1132 33.4
    Technical or Further Educational Institution 140 4.1
    University or other Tertiary Institutions 777 23.0
    Others 56 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8779 88.2
    Flat, unit or apartment 966 9.7
    Semi-detached, row or terrace house, townhouse 208 2.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1502 45.5
    Being purchased 1278 38.7
    Rented 513 15.5
    Other tenure type 11 0.3
    Tenure Type
Census 2011, ABS
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