Suburb Profile Report for Dee Why NSW (2099)

Dee Why House: Median price $1,500,000, Annual capital growth 7.27%, Number of sales 87, Weekly median advertised rent $830

Dee Why Unit: Median price $750,000, Annual capital growth 6.56%, Number of sales 578, Weekly median advertised rent $550

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

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

  • Expert Report
  • House Report
  • Unit Report

Dee Why has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -15.74% to date .

Dee Why,2099 has offered an average of -15.74% return per annum in house price rises to property investors over the last three years.

Using the current median advertised rental of $830 and the average annual increase in value of a median property of 7.27%, investors should hope to achieve an overall return of 2.88%

Dee Why, 2099 ranked 330th in NSW when comparing growth in median property values or capital gain over the last 12 months. Dee Why is one of 3163 in our list for NSW

A 37.39% growth in median value for property investors in Dee Why,2099 puts this suburb at number 267th in terms of best performing suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Dee Why is offering property investors an average of -6.52. This rate of discount on properties puts Suburb at number 191th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 48.17 sales per month, which equates to 578 per year.

With the median price for a house in Dee Why being $750000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.75%

Information supplied by:


August 2018

M
O

W
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Units see demand in coastal suburb

Postcode: 2099

Median unit price: $800,000

Stock on market: 64.0%

12-month growth: 4.9%

Situated right on the coastline less than 20km from the Sydney CBD, the suburb of Dee Why saw apartment supply soar in the 12 months to May 2018.

In May 2017, only 76 units were on the market – a year on, that figure had almost doubled to 133. Dee Why’s excellent location could be attracting buyers who can’t find any more wiggle room in Sydney’s stuffed neighbourhood, and as such properties are generally purchased after an average of only 38 days on the market. Prices increased by 4.9% in this period as well, although the three months to May 2018 recorded a drop of 2.4%.

Dee Why is regarded as the centre of the Northern Beaches region, and serves as the administrative centre of the Northern Beaches Council LGA.

Metrics i HOUSE UNIT
$1,500,000 $750,000
-6.11% -0.33%
-15.74% -4.69%
7.27% 6.56%
$830 $550
87 578
2.85% 3.75%
45.55 54.37218

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

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Dee Why NSW
Demographics
Total population 19838
Median household income ($/weekly) 1435
Median age of persons 35
Median housing loan repayment ($/monthly) 2370
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1653 8.3
    25-34 years 4594 23.2
    35-44 years 3532 17.8
    45-54 years 2625 13.2
    55-64 years 1835 9.2
    Others 5599 28.2
    Age Group
    Census Count Percent(%)
    Not Married 6733 43.7
    Registered Married 6561 42.6
    Defacto Relationship 2106 13.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 11123 59.5
    Croatia 643 3.4
    Papua New Guinea 675 3.6
    United Kingdom 1324 7.1
    Other 1627 8.7
    Others 3307 17.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 767 4.3
    Christianity 11563 64.3
    Hinduism 349 1.9
    Islam 319 1.8
    No Religion 4674 26.0
    Others 321 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 729 9.4
    $1,250-$1,499 747 9.7
    $1,500-$1,999 1147 14.9
    $2,000-$2,499 869 11.3
    $2,500-$2,999 726 9.4
    Others 3501 45.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 8004 50.6
    Not in the labour force 3770 23.9
    Employed, worked part-time 2967 18.8
    Employed, away from work 615 3.9
    Unemployed, looking for work 450 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1516 13.1
    Professionals 2585 22.3
    Technicians & trades workers 1656 14.3
    Community & personal service workers 1212 10.5
    Clerical & administrative workers 1686 14.6
    Others 2926 25.3
    Occupation
    Census Count Percent(%)
    Pre-school 299 7.7
    Infants/Primary 1051 26.9
    Secondary 828 21.2
    Technical or Further Educational Institution 675 17.3
    University or other Tertiary Institutions 752 19.3
    Others 297 7.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 12818 68.7
    Separate house 4980 26.7
    Semi-detached, row or terrace house, townhouse 846 4.5
    House or flat attached to a shop, office 12 0.1
    Caravan, cabin, houseboat 6 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3601 43.7
    Being purchased 2796 33.9
    Fully owned 1792 21.7
    Other tenure type 53 0.6
    Tenure Type
Census 2011, ABS
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