Suburb Profile Report for Tuncurry NSW (2428)

Tuncurry House: Median price $505,000, Annual capital growth 4.84%, Number of sales 79, Weekly median advertised rent $440

Tuncurry Unit: Median price $355,000, Annual capital growth 5.02%, Number of sales 69, Weekly median advertised rent $310

  • 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.

  • Expert Report
  • House Report
  • Unit Report

At number 1563th in the list of Australian suburbs ordered by increase in median house value over the last year, Tuncurry, 2428 is in the top 40% with a property value increase of 2.02% recorded in median house prices.

If we look at median property appreciation over just the last three months, Tuncurry has given property investors a paper return of -2.88%. This puts Suburb as 828 on a list of fastest fasting appreciating suburbs in NSW

Tuncurry, 2428 is offering NSW ‘s 246th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

Residents and property investors in Tuncurry have been waiting around 105.388 days to sell a property.

Situated 223.51km from the CBD, Tuncurry is one of Mid-Coast (A) localities in the postcode 2428.

NSW has seen average median house prices change by -3.67% which means that Tuncurry, 2428 has not done well for property investors by showing a capital gain of 1.43% over the last year

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

LACK OF BUYER INTEREST may well be the reason that Tuncurry is offering property investors an average of -6.79. This rate of discount on properties puts Suburb at number 194th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Tuncurry the average time real estate has been on the market is 98.4681 days.

Renters in Suburb are facing rents around $16120 per annum or $310 every week.

Information supplied by:


April 2019

M
O

W
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Tourist haven is a growing hub

Postcode: 2428

Median house price: $497,500

Three-year growth: 21.9%

Rental yield: 4.4%

A coastal suburb in NSW’s Mid North Coast area, Tuncurry overlooks the water and is a lively tourist spot, especially in the summer months, along with neighbouring Forster.

Nine Mile Beach is a perfect spot for swimming and surfing, and fishing is a popular local activity as well. Swimmers can also head to Tuncurry Rockpool. Wharves and jetties dot the lakefront pockets of the suburb, while amenities like supermarkets have also entered Tuncurry in recent years. Given its relaxed atmosphere, Tuncurry is a great spot for families.

With a median price tag of less than $500,000, Tuncurry offers good value for houses. The market has also been on the rise since 2014, with value growth of 35.9% from January 2014-2019. Investors also reap reasonable returns at 4.4% off an average weekly rent of $420.

Metrics i HOUSE UNIT
$505,000 $355,000
-2.88% -0.70%
2.02% 1.43%
4.84% 5.02%
$440 $310
79 69
4.53% 4.54%
105.387755102041 98.468085106383

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 5800
Median household income ($/weekly) 623
Median age of persons 59
Median housing loan repayment ($/monthly) 1361
Average household size 1.9
  • Census Count Percent(%)
    5-14 years 474 8.2
    45-54 years 672 11.6
    55-64 years 886 15.3
    65-74 years 1065 18.4
    75-84 years 893 15.4
    Others 1810 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 2162 47.9
    Not Married 1989 44.0
    Defacto Relationship 365 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4913 90.6
    Greece 18 0.3
    Papua New Guinea 64 1.2
    United Kingdom 249 4.6
    Other 44 0.8
    Others 136 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 0.7
    Christianity 4501 84.5
    Islam 11 0.2
    Other Religious Groups 11 0.2
    No Religion 765 14.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 369 15.2
    $400-$599 588 24.2
    $600-$799 408 16.8
    $800-$999 297 12.2
    $1,000-$1,249 155 6.4
    Others 615 25.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3059 63.3
    Employed, worked full-time 784 16.2
    Employed, worked part-time 661 13.7
    Unemployed, looking for work 196 4.1
    Employed, away from work 130 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 222 14.1
    Technicians & trades workers 234 14.8
    Community & personal service workers 219 13.9
    Sales 216 13.7
    Labourers 231 14.7
    Others 454 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 72 8.9
    Infants/Primary 296 36.8
    Secondary 261 32.4
    Technical or Further Educational Institution 120 14.9
    University or other Tertiary Institutions 42 5.2
    Others 14 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3119 58.8
    Semi-detached, row or terrace house, townhouse 1230 23.2
    Flat, unit or apartment 696 13.1
    Caravan, cabin, houseboat 221 4.2
    House or flat attached to a shop, office 34 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1344 51.9
    Rented 821 31.7
    Being purchased 398 15.4
    Other tenure type 26 1.0
    Tenure Type
Census 2011, ABS
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