Suburb Profile Report for Maroubra NSW (2035)

Maroubra House: Median price $1,865,000, Annual capital growth 6.89%, Number of sales 158, Weekly median advertised rent $928

Maroubra Unit: Median price $820,500, Annual capital growth 4.66%, Number of sales 194, Weekly median advertised rent $620

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

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

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NSW has seen average median house prices change by 0.15% which means that Maroubra, 2035 has done well for property investors by showing a capital gain of -2.36% over the last year

Taking the average capital gain, or increase in median house value, Maroubra,2035 has racked up an average of -2.36% over the period. This ranks it number 2744th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Maroubra should be aiming for at least -7.55% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 13.17 sales per month, which equates to 158 per year.

The NSW suburb of Maroubra, 2035 is in the Randwick (C) local government area.

If you compare the increase in value of investment property in Maroubra, 2035 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.58%.

Maroubra,2035 has offered an average of -3.58% return per annum in house price rises to property investors over the last three years.

The most recent median price for Maroubra is $820500, with sellers offering an average of -5.44% off the asking price.

Renters in Suburb are facing rents around $32240 per annum or $620 every week.

Information supplied by:


February 2018

M
O

W
E

Apartment stock swells

Postcode: 2035

Median unit price: $905,000

Stock on market: 42.6%

12-month growth: 11.4%

Maroubra is the ideal place to be for those who want the best of both beach and city living. Located just 10km from the Sydney CBD right on Maroubra Beach, this suburb saw property supply rise over the past 12 months to serve the significant demand.

According to Real Estate Investar, Maroubra recorded a vacancy rate of just 1.9% in the year leading up to November 2017, so the 42.6% increase in dwelling stock is certainly welcome. Units account for the majority of this increase, with the number of apartments almost doubling in the space of 12 months.

Unit prices soared by 11.4% in the same period, and such homes are on the market for an average of just 50 days before being snapped up by buyers.

 

Metrics i HOUSE UNIT
$1,865,000 $820,500
3.00% 0.06%
-2.36% -3.58%
6.89% 4.66%
$928 $620
158 194
2.59% 3.93%
91.2 59.8846153846154

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. 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 29594
Median household income ($/weekly) 1428
Median age of persons 36
Median housing loan repayment ($/monthly) 2600
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 2913 9.8
    25-34 years 4965 16.8
    35-44 years 4419 14.9
    45-54 years 3760 12.7
    55-64 years 3019 10.2
    Others 10518 35.5
    Age Group
    Census Count Percent(%)
    Not Married 10561 47.7
    Registered Married 9739 44.0
    Defacto Relationship 1837 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 15256 56.3
    Croatia 1278 4.7
    Iraq 1042 3.8
    United Kingdom 1114 4.1
    Other 2885 10.7
    Others 5503 20.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 1150 4.4
    Christianity 17175 65.1
    Islam 526 2.0
    Judaism 1619 6.1
    No Religion 5634 21.4
    Others 271 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 783 8.0
    $1,500-$1,999 1083 11.0
    $2,000-$2,499 891 9.1
    $2,500-$2,999 1007 10.2
    $4,000 or more 718 7.3
    Others 5363 54.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 9078 40.0
    Not in the labour force 8080 35.6
    Employed, worked part-time 3950 17.4
    Unemployed, looking for work 818 3.6
    Employed, away from work 782 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 1881 13.6
    Professionals 4315 31.3
    Technicians & trades workers 1375 10.0
    Community & personal service workers 1366 9.9
    Clerical & administrative workers 2262 16.4
    Others 2607 18.9
    Occupation
    Census Count Percent(%)
    Pre-school 491 7.0
    Infants/Primary 1801 25.6
    Secondary 1464 20.8
    Technical or Further Educational Institution 577 8.2
    University or other Tertiary Institutions 2434 34.6
    Others 262 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10664 39.6
    Flat, unit or apartment 10063 37.3
    Semi-detached, row or terrace house, townhouse 6145 22.8
    House or flat attached to a shop, office 79 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4515 42.2
    Fully owned 3361 31.4
    Being purchased 2734 25.5
    Other tenure type 93 0.9
    Tenure Type
Census 2011, ABS
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