Suburb Profile Report for Crows Nest NSW (2065)

Crows Nest House: Median price $2,035,000, Annual capital growth 7.25%, Number of sales 39, Weekly median advertised rent $990

Crows Nest Unit: Median price $917,500, Annual capital growth 6.91%, Number of sales 91, Weekly median advertised rent $570

  • 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.

  • Expert Report
  • House Report
  • Unit Report

Over the last year, property investments in Crows Nest, 2065 have given investors a capital gain of -3.10%. This compares badly with the 0.15% for NSW as a whole.

Across a shorter period, Crows Nest, 2065 has seen a median price increase of 1.75% over the last quarter.

Advertised rents are around the $990 mark per week – giving a return of 2.53% based on the median price in Suburb

Property investors who have had real estate in Crows Nest, 2065 should be 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 -9.25%

Crows Nest,2065 has offered an average of -9.25% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -5.01% to buyers in Crows Nest at the moment, which is less than average for the rest of NSW.

In the last year 91 properties changed hands in Crows Nest, which puts it as the 146th most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $570 weekly from the median priced house in this suburb.

Information supplied by:




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Apartment stock soars

Postcode: 2065

Median unit price: $905,000

Stock on market: 129.4%

12-month growth: 15.3%

Located 5km north of the Sydney CBD, the suburb of Crows Nest is an ideal spot for young professionals and families who want convenience to the city.

Residents have many public transport options, and they are only a short distance from the Sydney Harbour. It has a bustling commercial scene with a wealth of shops and restaurants; the community is also very pet-friendly. The airport is less than half an hour away, and Balmoral Beach is approximately 10 minutes drive by car. Buses also stop at the beach.

There are a few schools in the suburb as well, including North Sydney Girls High School and Crows Nest College. Unit supply soared in this suburb over May 2018-2019.

Metrics i HOUSE UNIT
$2,035,000 $917,500
1.75% 0.27%
-3.10% -9.25%
7.25% 6.91%
$990 $570
39 91
2.53% 3.23%
N/A 57.3181818181818

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), Balanced (U)
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Demographics
Total population 4048
Median household income ($/weekly) 2095
Median age of persons 34
Median housing loan repayment ($/monthly) 2900
Average household size 2.1
  • Census Count Percent(%)
    0-4 years 265 6.5
    25-34 years 1167 28.8
    35-44 years 880 21.7
    45-54 years 429 10.6
    55-64 years 391 9.7
    Others 916 22.6
    Age Group
    Census Count Percent(%)
    Not Married 1377 44.5
    Registered Married 1206 39.0
    Defacto Relationship 512 16.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2288 61.7
    South Korea 75 2.0
    Papua New Guinea 143 3.9
    United Kingdom 297 8.0
    Other 249 6.7
    Others 654 17.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 141 4.0
    Christianity 1960 55.8
    Hinduism 115 3.3
    Judaism 36 1.0
    No Religion 1208 34.4
    Others 51 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 134 8.1
    $1,500-$1,999 226 13.7
    $2,000-$2,499 146 8.8
    $2,500-$2,999 305 18.4
    $4,000 or more 178 10.8
    Others 666 40.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1947 60.3
    Not in the labour force 581 18.0
    Employed, worked part-time 489 15.1
    Employed, away from work 118 3.7
    Unemployed, looking for work 93 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 523 20.5
    Professionals 1062 41.5
    Technicians & trades workers 192 7.5
    Clerical & administrative workers 342 13.4
    Sales 169 6.6
    Others 269 10.5
    Occupation
    Census Count Percent(%)
    Pre-school 52 7.2
    Infants/Primary 168 23.2
    Secondary 93 12.8
    Technical or Further Educational Institution 100 13.8
    University or other Tertiary Institutions 263 36.3
    Others 48 6.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1525 42.2
    Semi-detached, row or terrace house, townhouse 1177 32.6
    Separate house 909 25.1
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 856 48.1
    Being purchased 542 30.4
    Fully owned 375 21.1
    Other tenure type 8 0.4
    Tenure Type
Census 2011, ABS
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