Suburb Profile Report for Mount Colah NSW (2079)

Mount Colah House: Median price $1,028,500, Annual capital growth 6.37%, Number of sales 89, Weekly median advertised rent $640

Mount Colah Unit: Median price $615,000, Annual capital growth -2.32%, Number of sales 54, Weekly median advertised rent $460

  • 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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NSW has seen average median house prices change by 0.15% which means that Mount Colah, 2079 has done well for property investors by showing a capital gain of -1.34% over the last year

Comparing Mount Colah,2079 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Mount Colah is $1028500, with sellers offering an average of -8.65% off the asking price.

Residents and property investors in Mount Colah have been waiting around 60.5778 days to sell a property.

A $640 per week rent on the median house gives suburb investors a gross yield of circa 3.24%, without taking into account capital value appreciation, which has been averaging out at 6.37%.

With a capital gain of -3.91% for the last 12 months, Mount Colah, 2079 has performed for property investments than its average annual -2.32% property growth over the last 5 years.

Over the longer term, Mount Colah has seen property prices show investors a 4.24% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Mount Colah are currently offering property investors an average price cut of -6.15% below the asking price at the moment.

On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.

Renters in Suburb are facing rents around $23920 per annum or $460 every week.

Information supplied by:


July 2018

M
O

W
E

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
$1,028,500 $615,000
5.43% 0.82%
-1.34% -3.91%
6.37% -2.32%
$640 $460
89 54
3.24% 3.89%
60.5777777777778 77.5416666666667

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 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
Chart Table