Suburb Profile Report for Mount Colah NSW (2079)

Mount Colah House: Median price $1,150,000, Annual capital growth 7.32%, Number of sales 97, Weekly median advertised rent $598

Mount Colah Unit: Median price $625,000, Annual capital growth -1.62%, Number of sales 58, Weekly median advertised rent $435

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

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

  • Expert Report
  • House Report
  • Unit Report

At number 248th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Colah, 2079 is in the top 10% with a property value increase of 18.56% recorded in median house prices.

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

LACK OF BUYER INTEREST may well be the reason that Mount Colah is offering property investors an average of -4.31. This rate of discount on properties puts Suburb at number 673th in terms of most discounted suburbs in NSW

At number 46 in a list of fastest selling suburbs, Mount Colah is in the TOP 10% of suburbs in Australia with an average of days on market 27.8 for properties listed there.

Mount Colah, 2079’s gross rental yield is 2.70%

Mount Colah has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 1.63% to date .

Mount Colah,2079 was ranked 531 in Australia by increase in median property value over the quarter.

Mount Colah, 2079 is offering NSW ‘s 238th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.

In the last year 58 properties changed hands in Mount Colah, which puts it as the 212th most active market in NSW when comparing the number of sales per suburb.

Information supplied by:


July 2018

M
O

W
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Property stock skyrockets

Postcode: 2079

Median house price: $1,200,000

Stock on market: 200.0%

12-month growth: 15.4%

A suburb of northern Sydney, located around 29km from the CBD, Mount Colah is well situated near the Pacific Highway. It’s median house price of $1.2m indicates its status as a premium suburb that attracts very strong demand from buyers.

Housing stock increased sharply from just 13 houses in 2017 to 33 in the space of 12 months, while the supply of units soared from 5 to 21. Despite this increased level of stock available, growth has not slowed down in the April 2017-2018 period, particularly for house prices, which rose by 15.4%. Such dwellings also spent an average of just 41 days on the market.

With a sparkling reputation ­– in 2010, Mount Colah was awarded Australia’s Best Suburb in a Ninemsn survey – it is well served by trains running along the Main North Line and buses. It is also part of the commercial area of Bobbin Head.

Metrics i HOUSE UNIT
$1,150,000 $625,000
4.54% 0.81%
18.56% 1.63%
7.32% -1.62%
$598 $435
97 58
2.70% 3.62%
27.8 92.7407407407408

Source: Monthly data update for Dec 2020 as supplied by CoreLogic. Data is reported to the period ending Sep 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 7104
Median household income ($/weekly) 1994
Median age of persons 37
Median housing loan repayment ($/monthly) 2492
Average household size 3
  • Census Count Percent(%)
    5-14 years 1000 14.1
    25-34 years 751 10.6
    35-44 years 1052 14.8
    45-54 years 1250 17.6
    55-64 years 776 10.9
    Others 2276 32.0
    Age Group
    Census Count Percent(%)
    Registered Married 3063 57.6
    Not Married 1869 35.2
    Defacto Relationship 382 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 5148 74.6
    Indonesia 122 1.8
    Papua New Guinea 135 2.0
    United Kingdom 410 5.9
    Other 345 5.0
    Others 738 10.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 119 1.8
    Christianity 4652 69.5
    Hinduism 89 1.3
    Islam 124 1.9
    No Religion 1648 24.6
    Others 62 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 277 13.7
    $2,000-$2,499 229 11.3
    $2,500-$2,999 314 15.5
    $3,000-$3,499 205 10.1
    $4,000 or more 149 7.4
    Others 846 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2475 45.0
    Not in the labour force 1436 26.1
    Employed, worked part-time 1231 22.4
    Employed, away from work 205 3.7
    Unemployed, looking for work 147 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 555 14.2
    Professionals 1027 26.2
    Technicians & trades workers 556 14.2
    Community & personal service workers 370 9.5
    Clerical & administrative workers 621 15.9
    Others 785 20.1
    Occupation
    Census Count Percent(%)
    Pre-school 192 9.5
    Infants/Primary 653 32.5
    Secondary 563 28.0
    Technical or Further Educational Institution 196 9.7
    University or other Tertiary Institutions 356 17.7
    Others 51 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6360 92.7
    Semi-detached, row or terrace house, townhouse 442 6.4
    Flat, unit or apartment 41 0.6
    House or flat attached to a shop, office 16 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1118 49.6
    Fully owned 823 36.5
    Rented 304 13.5
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
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