Suburb Profile Report for Wahroonga NSW (2076)

Wahroonga House: Median price $2,075,000, Annual capital growth 9.67%, Number of sales 206, Weekly median advertised rent $968

Wahroonga Unit: Median price $867,500, Annual capital growth 5.67%, Number of sales 68, Weekly median advertised rent $570

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 1322th in the list of Australian suburbs ordered by increase in median house value over the last year, Wahroonga, 2076 is in the top 40% with a property value increase of 10.08% recorded in median house prices.

The five-year average increase in median property values for Wahroonga,2076 has given property investors a potential capital gain of 110.13% across each of those five years.

Our latest figures would indicate that property sellers in Wahroonga are currently offering property investors an average price cut of -7.23% below the asking price at the moment.

A $967.5 per week rent on the median house gives suburb investors a gross yield of circa 2.42%, without taking into account capital value appreciation, which has been averaging out at 9.67%.

Giving property investors a an average capital gain of 5.70% for the last year, Wahroonga, 2076 is the 732th highest performer in Australia in this respect.

The five-year average increase in median property values for Wahroonga,2076 has given property investors a potential capital gain of 45.80% across each of those five 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 Wahroonga, 2076. Typically our figures indicate that -4.12% is being offered, which puts this NSW suburb at 1019th most discounted overall in Australia.

In the last year 68 properties changed hands in Wahroonga, which puts it as the 212th most active market in NSW when comparing the number of sales per suburb.

A $570 per week rent on the median house gives suburb investors a gross yield of circa 3.42%, without taking into account capital value appreciation, which has been averaging out at 5.67%.

Information supplied by:


April 2017

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Wahroonga is a commercial hub that has been seeing steady growth with limited supply. Prices rose by 4.3% over the past 12 months following a consistent growth period of five years. The current annual average growth rate is a strong 5.4%, and the average discount rate offered hovers at 5%.Full summary

Homey suburb sees supply drop
Median unit price: $808,000
Stock on market: -45.30%
12-month growth: 4.26%

Named with an Aboriginal word that translates to “our home,” Wahroonga is a commercial hub that has been seeing steady growth with limited supply.

Prices rose by 4.3% over the past 12 months following a consistent growth period of five years. The current annual average growth rate is a strong 5.4%, and the average discount rate offered hovers at 5%. The amount of supply on the market decreased by -45.3% over the past 12 months, reflecting the trend displayed by many capitals recently. This could have had a prominent effect on its growth.

Wahroonga is populated by many shopping villages that house restaurants. The suburb is also the site of the Sydney Adventist Hospital. The second-oldest national park in the country, Ku-ring-gai Chase National Park, is located in Wahroonga.

Commuters can reach Sydney via train from Wahroonga Station. The suburb is also connected to Newcastle via the Sydney end of the M1.

Close
Metrics i HOUSE UNIT
$2,075,000 $867,500
-5.68% 2.06%
10.08% 5.70%
9.67% 5.67%
$968 $570
206 68
2.42% 3.42%
59.53 40.66

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Wahroonga NSW
Demographics
Total population 16725
Median household income ($/weekly) 2381
Median age of persons 41
Median housing loan repayment ($/monthly) 3000
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 2462 14.7
    35-44 years 2165 12.9
    45-54 years 2550 15.2
    55-64 years 1915 11.4
    65-74 years 1395 8.3
    Others 6240 37.3
    Age Group
    Census Count Percent(%)
    Registered Married 7196 60.9
    Not Married 4182 35.4
    Defacto Relationship 445 3.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 10586 65.7
    Croatia 459 2.8
    South Africa 524 3.3
    United Kingdom 1262 7.8
    Other 806 5.0
    Others 2472 15.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 333 2.1
    Christianity 11234 72.2
    Hinduism 284 1.8
    Other Religious Groups 159 1.0
    No Religion 3344 21.5
    Others 197 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 451 9.6
    $2,000-$2,499 389 8.2
    $2,500-$2,999 789 16.7
    $3,000-$3,499 496 10.5
    $4,000 or more 678 14.4
    Others 1917 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4849 37.9
    Not in the labour force 4612 36.1
    Employed, worked part-time 2583 20.2
    Employed, away from work 391 3.1
    Unemployed, looking for work 343 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 1505 19.2
    Professionals 2992 38.2
    Community & personal service workers 625 8.0
    Clerical & administrative workers 1165 14.9
    Sales 585 7.5
    Others 954 12.2
    Occupation
    Census Count Percent(%)
    Pre-school 328 6.5
    Infants/Primary 1604 31.8
    Secondary 1604 31.8
    Technical or Further Educational Institution 236 4.7
    University or other Tertiary Institutions 1168 23.1
    Others 106 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 12797 84.5
    Flat, unit or apartment 1553 10.3
    Semi-detached, row or terrace house, townhouse 794 5.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2198 41.9
    Being purchased 2087 39.8
    Rented 880 16.8
    Other tenure type 80 1.5
    Tenure Type
Census 2011, ABS
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