Suburb Profile Report for Lemon Tree Passage NSW (2319)

Lemon Tree Passage House: Median price $463,555, Annual capital growth 6.54%, Number of sales 44, Weekly median advertised rent $400

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

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

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  • House Report

Lemon Tree Passage is in the TOP 20% in NSW when comparing median price capital growth over the last year. Lemon Tree Passage gave property investors a very good capital gain figure when compared to the rest of the state, with 7.80%.

While Lemon Tree Passage,2319 ranked number 778th in NSW for increase in median house value (annualised) increase, it is ranked 592th over the last 5 years.

Our latest figures would indicate that property sellers in Lemon Tree Passage are currently offering property investors an average price cut of -4.98% below the asking price at the moment.

Often selling an investment property can take time, and in Lemon Tree Passage the average time real estate has been on the market is 78.9737 days.

With the median price for a house in Lemon Tree Passage being $463555 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.49%

Information supplied by:


April 2019

M
O

W
E

Housing supply gets padded

Postcode: 2319

Median house price: $475,000

Stock on market: 64.7%

12-month growth: 12.6%

Known for its koala population due to the presence of so many trees, the suburb of Lemon Tree Passage is also a haven for holidaymakers because of its beautiful location on Port Stephens.

The suburb capitalises on its natural advantages by establishing coastal walking trails, such as Mangrove Board Walk and the Lilli Pilli Walk. The reserve on Helen Avenue also highlights the diverse native plant life found in this area. With some lovely swimming and picnic spots in the vicinity, Lemon Tree Passage is the perfect place to unwind, making it very popular with retirees.

The number of houses on the market soared from 17 to 27 in the 12 months to January 2019, for a 64.7% boost in housing supply. The suburb certainly looks to be capable of balancing the added stock with demand, with houses spending only 49 days on the market.

Metrics i HOUSE UNIT
$463,555 N/A
-2.41% N/A
7.80% N/A
6.54% N/A
$400 N/A
44 N/A
4.49% N/A
78.9736842105263 N/A

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2547
Median household income ($/weekly) 870
Median age of persons 47
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 298 11.7
    35-44 years 286 11.2
    45-54 years 347 13.6
    55-64 years 434 17.0
    65-74 years 390 15.3
    Others 793 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 956 49.4
    Not Married 733 37.9
    Defacto Relationship 246 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2161 87.5
    Greece 20 0.8
    Papua New Guinea 47 1.9
    United Kingdom 135 5.5
    Other 20 0.8
    Others 86 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 9 0.4
    Christianity 1810 76.8
    Judaism 3 0.1
    Other Religious Groups 8 0.3
    No Religion 525 22.3
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 111 11.5
    $400-$599 158 16.4
    $600-$799 115 11.9
    $800-$999 122 12.6
    $1,500-$1,999 94 9.7
    Others 366 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1018 49.9
    Employed, worked full-time 546 26.8
    Employed, worked part-time 332 16.3
    Unemployed, looking for work 85 4.2
    Employed, away from work 60 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 117 12.4
    Technicians & trades workers 183 19.3
    Clerical & administrative workers 117 12.4
    Sales 110 11.6
    Machinery operators & drivers 107 11.3
    Others 312 33.0
    Occupation
    Census Count Percent(%)
    Pre-school 36 7.6
    Infants/Primary 192 40.7
    Secondary 124 26.3
    Technical or Further Educational Institution 54 11.4
    University or other Tertiary Institutions 51 10.8
    Others 15 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2206 89.9
    Semi-detached, row or terrace house, townhouse 193 7.9
    Flat, unit or apartment 28 1.1
    Caravan, cabin, houseboat 16 0.7
    House or flat attached to a shop, office 12 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 412 39.9
    Rented 328 31.8
    Being purchased 288 27.9
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
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