Suburb Profile Report for Dudley NSW (2290)

Dudley House: Median price $712,000, Annual capital growth 6.87%, Number of sales 40, Weekly median advertised rent $450

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

Dudley has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -5.07% to date .

While Dudley,2290 ranked number 333th in NSW for increase in median house value (annualised) increase, it is ranked 1057th over the last 5 years.

Property investors looking for a bargain in Dudley should be aiming for at least -8.72% off the asking price, which is the average vendor discount being achieved at the moment.

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November 2018

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Situated on the south coast of Newcastle, the suburb of Dudley is around two hours’ drive from Sydney. The housing market has been going strong for most part, but stumbled significantly in the 12 months to August 2018Full summary

Strong suburb stumbles

Postcode: 2290

Median house price: $688,000

Three-year growth: 5.8%

Rental yield: 3.4%

Situated on the south coast of Newcastle, the suburb of Dudley is around two hours’ drive from Sydney. The housing market has been going strong for most part, but stumbled significantly in the 12 months to August 2018.

Prices fell by 9.1% in that period, although the three months to August suggested some recovery. The average annual growth rate also holds at 6.8%.

Originally, Dudley was established as a mining town before being developed into a residential area after World War II. It houses Dudley Public School, which was established back in 1892. The suburb lies on the eastern side of Lake Macquarie, and is near the cycling trail that connects the lake to Newcastle. Dudley Beach is less than five minutes away, and residents are in close proximity to shopping districts and park areas.

Close
Metrics i HOUSE UNIT
$712,000 N/A
2.45% N/A
-5.07% N/A
6.87% N/A
$450 N/A
40 N/A
3.29% N/A
43.57 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2266
Median household income ($/weekly) 1621
Median age of persons 41
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 316 13.9
    25-34 years 218 9.6
    35-44 years 322 14.2
    45-54 years 343 15.1
    55-64 years 334 14.7
    Others 733 32.3
    Age Group
    Census Count Percent(%)
    Registered Married 941 55.2
    Not Married 634 37.2
    Defacto Relationship 131 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2012 91.0
    Greece 8 0.4
    Papua New Guinea 15 0.7
    United Kingdom 57 2.6
    Other 40 1.8
    Others 80 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 0.9
    Christianity 1498 70.7
    Islam 16 0.8
    Other Religious Groups 9 0.4
    No Religion 568 26.8
    Others 8 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 58 7.9
    $1,000-$1,249 57 7.8
    $1,500-$1,999 101 13.8
    $2,000-$2,499 67 9.2
    $2,500-$2,999 78 10.7
    Others 370 50.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 675 37.8
    Not in the labour force 635 35.5
    Employed, worked part-time 366 20.5
    Employed, away from work 64 3.6
    Unemployed, looking for work 48 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 151 13.7
    Professionals 351 31.8
    Technicians & trades workers 151 13.7
    Community & personal service workers 102 9.2
    Clerical & administrative workers 148 13.4
    Others 200 18.1
    Occupation
    Census Count Percent(%)
    Pre-school 39 6.5
    Infants/Primary 205 34.1
    Secondary 183 30.4
    Technical or Further Educational Institution 48 8.0
    University or other Tertiary Institutions 120 20.0
    Others 6 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2046 94.0
    Semi-detached, row or terrace house, townhouse 112 5.1
    Flat, unit or apartment 19 0.9
    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 357 43.9
    Being purchased 323 39.7
    Rented 131 16.1
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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