Suburb Profile Report for Mount Druitt NSW (2770)

Mount Druitt House: Median price $680,000, Annual capital growth 8.83%, Number of sales 114, Weekly median advertised rent $420

Mount Druitt Unit: Median price $416,000, Annual capital growth 6.98%, Number of sales 150, Weekly median advertised rent $360

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

Property investors who have had real estate in Mount Druitt, 2770 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.45%

Mount Druitt,2770 has offered an average of -1.45% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mount Druitt, 2770. Typically our figures indicate that -7.44% is being offered, which puts this NSW suburb at 1584th most discounted overall in Australia.

In the last year 114 properties changed hands in Mount Druitt, which puts it as the 299th most active market in NSW when comparing the number of sales per suburb.

Mount Druitt is 1028th on a list of best yielding suburbs for rents in NSW with a 3.21% return

With a capital gain of -3.26% for the last 12 months, Mount Druitt, 2770 has performed for property investments than its average annual 6.98% property growth over the last 5 years.

While Mount Druitt,2770 ranked number 517th in NSW for increase in median house value (annualised) increase, it is ranked 195th over the last 5 years.

Property buyers and investors in Mount Druitt 2770 should be seeing an average reduction in asking price of around -7.35% . This means that Mount Druitt is holding prices well when compared to other suburbs in NSW.

Mount Druitt, 2770’s gross rental yield is 4.50%

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February 2018

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Named for original landowner Major George Druitt, the suburb of Mount Druitt has been undergoing redevelopment to maximise its excellent amenities, including a hospital, shopping centre, train station and schoolsFull summary

Affordable suburb sustains demand

Postcode: 2770

Median unit price: $425,000

Three-year growth: 34.9%

Rental yield: 4.3%

Named for original landowner Major George Druitt, the suburb of Mount Druitt has been undergoing redevelopment to maximise its excellent amenities, including a hospital, shopping centre, train station and schools.

Given its distance from the Sydney CBD, the suburb is quite affordable, with the median unit price coming in at $425,000. Even with the low prices, Mount Druitt has recorded steady growth over the past five years, with an average annual growth rate of 7%. Rental returns are reasonable at an average of 4.3%, which could be attractive for investors looking for a cheaper investment in NSW.

Sellers benefit from the strong conditions in this suburb – apartments spend an average of just 44 days on the market before being sold. They sell at good prices as well – the average discount rate is just 4%.

Close
Metrics i HOUSE UNIT
$680,000 $416,000
0.74% -3.26%
-1.45% -3.26%
8.83% 6.98%
$420 $360
114 150
3.21% 4.50%
66.41 56.42

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Mount Druitt NSW
Demographics
Total population 15793
Median household income ($/weekly) 1049
Median age of persons 30
Median housing loan repayment ($/monthly) 1700
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 1556 9.9
    5-14 years 2560 16.2
    25-34 years 2694 17.1
    35-44 years 2269 14.4
    45-54 years 1874 11.9
    Others 4841 30.7
    Age Group
    Census Count Percent(%)
    Registered Married 5619 51.3
    Not Married 4829 44.1
    Defacto Relationship 510 4.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6574 44.3
    Indonesia 589 4.0
    Ireland 697 4.7
    Philippines 1900 12.8
    Other 2477 16.7
    Others 2586 17.4
    Country of Birth
    Census Count Percent(%)
    Christianity 9848 67.0
    Hinduism 696 4.7
    Islam 2852 19.4
    Other Religious Groups 211 1.4
    No Religion 940 6.4
    Others 159 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 483 11.3
    $600-$799 556 13.0
    $800-$999 454 10.6
    $1,000-$1,249 496 11.6
    $1,500-$1,999 603 14.1
    Others 1685 39.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4590 41.9
    Employed, worked full-time 3879 35.4
    Employed, worked part-time 1438 13.1
    Unemployed, looking for work 656 6.0
    Employed, away from work 400 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 749 13.1
    Technicians & trades workers 759 13.3
    Clerical & administrative workers 966 16.9
    Machinery operators & drivers 863 15.1
    Labourers 855 15.0
    Others 1524 26.7
    Occupation
    Census Count Percent(%)
    Pre-school 279 6.5
    Infants/Primary 1508 34.9
    Secondary 1191 27.6
    Technical or Further Educational Institution 628 14.5
    University or other Tertiary Institutions 524 12.1
    Others 187 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7924 52.5
    Semi-detached, row or terrace house, townhouse 4033 26.7
    Flat, unit or apartment 3116 20.6
    House or flat attached to a shop, office 21 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2112 45.9
    Being purchased 1563 33.9
    Fully owned 916 19.9
    Other tenure type 14 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals