Suburb Profile Report for Annandale NSW (2038)

Annandale House: Median price $1,625,000, Annual capital growth 6.99%, Number of sales 116, Weekly median advertised rent $800

Annandale Unit: Median price $1,147,000, Annual capital growth 11.96%, Number of sales 48, Weekly median advertised rent $500

  • 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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  • House Report
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With a capital gain of 1.72% for the last 12 months, Annandale, 2038 has performed for property investments than its average annual 6.99% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Annandale has given property investors a paper return of 4.17%. This puts Suburb as 269 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -4.22% to buyers in Annandale at the moment, which is less than average for the rest of NSW.

Advertised rents are around the $800 mark per week – giving a return of 2.56% based on the median price in Suburb

Over the last year, property investments in Annandale, 2038 have given investors a capital gain of 49.93%. This compares very favourably with the -0.92% for NSW as a whole.

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

In the last year 48 properties changed hands in Annandale, which puts it as the 242th most active market in NSW when comparing the number of sales per suburb.

Information supplied by:


April 2019

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Rental space opens up

Postcode: 2038

Median unit price: $747,500

Vacancy rate: 2.0%

Three-year growth: -0.3%

Annandale is just a stone’s throw from the Sydney CBD; thus, many will find this suburb a convenient place to buy in. Vacancies loosened slightly in the 12 months to March 2019, with the average vacancy rate going from 1.7% to 2.0%.

Located just 5km west of the CBD, Annandale is rich in history, with several heritage-listed buildings in the area. These include the Annandale Post Office, the Annandale Council Chambers and the local public school. During Australian Heritage Week, Annandale holds the annual Annandale Heritage festival. Other annual events include the Eco-Annandale Exhibition and Footprints EcoFestival.

Annandale is a notable name in the Sydney music scene as well – Trafalgar Studios, where top local acts from the 1970s and 1980s recorded much of their music, was located here. The Annandale Hotel remains a renowned venue for gigs.

Metrics i HOUSE UNIT
$1,625,000 $1,147,000
4.17% 18.25%
1.72% 49.93%
6.99% 11.96%
$800 $500
116 48
2.56% 2.27%
42.1851851851852 64.3125

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 : Good (H), Balanced (U)
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Demographics
Total population 8668
Median household income ($/weekly) 2086
Median age of persons 36
Median housing loan repayment ($/monthly) 2947
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 744 8.6
    25-34 years 1754 20.2
    35-44 years 1731 20.0
    45-54 years 1217 14.0
    55-64 years 954 11.0
    Others 2268 26.2
    Age Group
    Census Count Percent(%)
    Not Married 2754 43.7
    Registered Married 2441 38.7
    Defacto Relationship 1106 17.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5862 71.8
    Papua New Guinea 274 3.4
    United Kingdom 591 7.2
    United States of America 96 1.2
    Other 370 4.5
    Others 977 12.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 237 3.0
    Christianity 4081 51.8
    Islam 70 0.9
    Judaism 70 0.9
    No Religion 3308 42.0
    Others 105 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 375 11.6
    $2,000-$2,499 252 7.8
    $2,500-$2,999 509 15.8
    $3,000-$3,499 298 9.2
    $4,000 or more 449 13.9
    Others 1345 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3569 52.3
    Not in the labour force 1466 21.5
    Employed, worked part-time 1313 19.2
    Employed, away from work 256 3.7
    Unemployed, looking for work 223 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 985 19.2
    Professionals 2168 42.2
    Community & personal service workers 368 7.2
    Clerical & administrative workers 662 12.9
    Sales 353 6.9
    Others 602 11.7
    Occupation
    Census Count Percent(%)
    Pre-school 166 8.7
    Infants/Primary 536 28.0
    Secondary 295 15.4
    Technical or Further Educational Institution 165 8.6
    University or other Tertiary Institutions 680 35.5
    Others 71 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 3926 50.5
    Separate house 2293 29.5
    Flat, unit or apartment 1445 18.6
    House or flat attached to a shop, office 109 1.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1524 44.1
    Being purchased 1137 32.9
    Fully owned 792 22.9
    Other tenure type 6 0.2
    Tenure Type
Census 2011, ABS
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