Suburb Profile Report for Allawah NSW (2218)

Allawah House: Median price $1,215,000, Annual capital growth 7.37%, Number of sales 15, Weekly median advertised rent $605

Allawah Unit: Median price $633,250, Annual capital growth 5.58%, Number of sales 49, Weekly median advertised rent $478

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Allawah has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -6.70% to date .

Taking the average capital gain, or increase in median house value, Allawah,2218 has racked up an average of -6.70% over the period. This ranks it number 3338th in the whole country for real estate investors looking at median house price increases.

In the last year 15 properties changed hands in Allawah, which puts it as the 1155th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $605 and the average annual increase in value of a median property of 7.37%, investors should hope to achieve an overall return of 2.59%

Investment property in Allawah has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.32%

Allawah,2218 was ranked 661 in Australia by increase in median property value over the quarter.

Property buyers and investors in Allawah 2218 should be seeing an average reduction in asking price of around -5.39% . This means that Allawah is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.

A $477.5 per week rent on the median house gives suburb investors a gross yield of circa 3.92%, without taking into account capital value appreciation, which has been averaging out at 5.58%.

Information supplied by:




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Allawah, NSW – Prices fall in south Sydney suburb

Postcode: 2218

Median unit price: $634,500

Three-year growth: -5.2%

Rental yield: 3.9%

Roughly 30 minutes’ drive south of the Sydney CBD is Allawah, a small, landlocked suburb that is highly accessible, thanks to its public transport options. Its name is an Aboriginal term that aptly means, “make your abode here”. However, this abode has seen some decline, with price falling by 5.2% in the three years to June 2019.

The local railway station is a stop along the Illawarra line of the Sydney Trains network, and the suburb’s main shopping hub is located beside the station on Railway Parade. This hub has a grocery store, takeaways and a hotel. St Raphaels Catholic Church is one of Allawah’s main features, as is the Southern Sydney Synagogue.

Metrics i HOUSE UNIT
$1,215,000 $633,250
5.65% 0.76%
-6.70% -3.32%
7.37% 5.58%
$605 $478
15 49
2.59% 3.92%
N/A 58.3809523809524

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 5365
Median household income ($/weekly) 1204
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 469 8.7
    25-34 years 1161 21.6
    35-44 years 778 14.5
    45-54 years 792 14.8
    55-64 years 579 10.8
    Others 1587 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 2124 49.3
    Not Married 1916 44.5
    Defacto Relationship 268 6.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1977 38.9
    Croatia 1211 23.8
    India 178 3.5
    Indonesia 137 2.7
    Other 522 10.3
    Others 1056 20.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 401 8.1
    Christianity 2551 51.3
    Hinduism 174 3.5
    Islam 291 5.8
    No Religion 1475 29.6
    Others 85 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 176 9.2
    $600-$799 183 9.6
    $800-$999 180 9.4
    $1,000-$1,249 222 11.6
    $1,500-$1,999 267 14.0
    Others 882 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1871 43.2
    Not in the labour force 1383 31.9
    Employed, worked part-time 718 16.6
    Unemployed, looking for work 222 5.1
    Employed, away from work 139 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 664 24.3
    Technicians & trades workers 358 13.1
    Community & personal service workers 257 9.4
    Clerical & administrative workers 478 17.5
    Sales 278 10.2
    Others 692 25.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 280 23.2
    Secondary 292 24.2
    Technical or Further Educational Institution 155 12.9
    University or other Tertiary Institutions 354 29.4
    Other type of educational institution 72 6.0
    Others 52 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 3835 74.4
    Separate house 1090 21.1
    Semi-detached, row or terrace house, townhouse 228 4.4
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 804 39.9
    Being purchased 666 33.1
    Fully owned 530 26.3
    Other tenure type 14 0.7
    Tenure Type
Census 2011, ABS
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