Suburb Profile Report for Willoughby NSW (2068)

Willoughby House: Median price $1,999,750, Annual capital growth 8.05%, Number of sales 59, Weekly median advertised rent $1,050

Willoughby Unit: Median price $848,500, Annual capital growth 7.09%, Number of sales 34, Weekly median advertised rent $560

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Willoughby has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.99%

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

LACK OF BUYER INTEREST may well be the reason that Willoughby is offering property investors an average of -7.38. This rate of discount on properties puts Suburb at number 479th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.

Situated 6.93km from the CBD, Willoughby is one of Willoughby (C) localities in the postcode 2068.

At number 1264th in the list of Australian suburbs ordered by increase in median house value over the last year, Willoughby, 2068 is in the BOTTOM 20% with a property value increase of -11.62% recorded in median house prices.

The five-year average increase in median property values for Willoughby,2068 has given property investors a potential capital gain of 23.42% across each of those five years.

Vendor discounting in Willoughby is giving property investors an average Vendor Discount of around -3.99%. This puts suburb at number 337th in NSW when ranking the most discounted suburbs.

At number 224 in a list of fastest selling suburbs, Willoughby is in the TOP 20% of suburbs in Australia with an average of days on market 60.1875 for properties listed there.

Metrics i HOUSE UNIT
$1,999,750 $848,500
1.00% 4.75%
-6.99% -11.62%
8.05% 7.09%
$1,050 $560
59 34
2.73% 3.43%
72.9047619047619 60.1875

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 5920
Median household income ($/weekly) 2124
Median age of persons 38
Median housing loan repayment ($/monthly) 3000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 779 13.2
    25-34 years 753 12.7
    35-44 years 1118 18.9
    45-54 years 812 13.7
    55-64 years 599 10.1
    Others 1860 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 2238 53.8
    Not Married 1582 38.0
    Defacto Relationship 339 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3761 66.4
    Croatia 142 2.5
    Papua New Guinea 164 2.9
    United Kingdom 330 5.8
    Other 333 5.9
    Others 932 16.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 168 3.1
    Christianity 3742 68.6
    Islam 78 1.4
    Judaism 67 1.2
    No Religion 1320 24.2
    Others 83 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 206 11.0
    $2,000-$2,499 138 7.3
    $2,500-$2,999 313 16.6
    $3,000-$3,499 155 8.2
    $4,000 or more 250 13.3
    Others 819 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2010 45.7
    Not in the labour force 1308 29.7
    Employed, worked part-time 807 18.3
    Employed, away from work 141 3.2
    Unemployed, looking for work 137 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 602 20.4
    Professionals 1071 36.3
    Technicians & trades workers 218 7.4
    Clerical & administrative workers 422 14.3
    Sales 240 8.1
    Others 401 13.6
    Occupation
    Census Count Percent(%)
    Pre-school 166 11.6
    Infants/Primary 548 38.2
    Secondary 320 22.3
    Technical or Further Educational Institution 93 6.5
    University or other Tertiary Institutions 269 18.7
    Others 39 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3853 70.2
    Flat, unit or apartment 1026 18.7
    Semi-detached, row or terrace house, townhouse 582 10.6
    House or flat attached to a shop, office 28 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 777 37.8
    Fully owned 702 34.1
    Rented 569 27.6
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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