Suburb Profile Report for Bonnyrigg NSW (2177)

Bonnyrigg House: Median price $675,000, Annual capital growth 6.79%, Number of sales 47, Weekly median advertised rent $500

Bonnyrigg Unit: Median price $490,000, Annual capital growth 10.59%, Number of sales 14, Weekly median advertised rent $435

  • 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.

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  • House Report
  • Unit Report

At number 3300th in the list of Australian suburbs ordered by increase in median house value over the last year, Bonnyrigg, 2177 is in the BOTTOM 20% with a property value increase of -9.40% recorded in median house prices.

Bonnyrigg,2177 has offered an average of -9.40% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Bonnyrigg 2177 should be seeing an average reduction in asking price of around -5.81% . This means that Bonnyrigg is holding prices well when compared to other suburbs in NSW.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.85%, without taking into account capital value appreciation, which has been averaging out at 6.79%.

Property value increases in Bonnyrigg have tracked lower than the NSW average of -4.02% over the last 12 months.

Property investors should expect to get $435 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
May 2016

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In Sydney’s southwest, Bonnyrigg has seen a significant increase in vendors over the last year.

The latest figures from Real Estate Investar show that over the past 12 months the level of stock on market in Bonnyrigg, which is just under 30km from the Sydney CBD, has more than doubled.

That increase may be the result of impressive price movement seen in the suburb in recent years.

According to CoreLogic RP Data, the median house price in Bonnyrigg sits at $670,000, following growth of 21% in the past year and 50% over the past three.

The jump in prices hasn’t guaranteed vendors a quick sale, however; houses spend an average of 52 days on the market, which is longer than in many neighbouring suburbs.

Vendors in Bonnyrigg are currently offering a 3% discount.

Houses are generating rental yields of 4%.
Metrics i HOUSE UNIT
$675,000 $490,000
-0.74% N/A
-9.40% -12.11%
6.79% 10.59%
$500 $435
47 14
3.85% 4.62%
85.1379310344828 N/A

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 : Above average (H), Below average (U)
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Demographics
Total population 7978
Median household income ($/weekly) 1051
Median age of persons 34
Median housing loan repayment ($/monthly) 1857
Average household size 3.4
  • Census Count Percent(%)
    5-14 years 1112 13.9
    25-34 years 1093 13.7
    35-44 years 992 12.4
    45-54 years 1242 15.6
    55-64 years 941 11.8
    Others 2599 32.6
    Age Group
    Census Count Percent(%)
    Not Married 3021 51.1
    Registered Married 2688 45.4
    Defacto Relationship 206 3.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3348 44.5
    Canada 424 5.6
    Ireland 285 3.8
    Viet Nam 1524 20.3
    Other 839 11.2
    Others 1102 14.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 2689 36.2
    Christianity 3693 49.8
    Hinduism 65 0.9
    Islam 329 4.4
    No Religion 591 8.0
    Others 56 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 213 10.8
    $600-$799 226 11.4
    $800-$999 183 9.2
    $1,000-$1,249 210 10.6
    $1,500-$1,999 256 12.9
    Others 892 45.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2831 47.4
    Employed, worked full-time 1798 30.1
    Employed, worked part-time 763 12.8
    Unemployed, looking for work 347 5.8
    Employed, away from work 231 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 341 12.2
    Technicians & trades workers 444 15.9
    Clerical & administrative workers 385 13.8
    Machinery operators & drivers 364 13.0
    Labourers 446 16.0
    Others 815 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 124 6.2
    Infants/Primary 630 31.5
    Secondary 631 31.6
    Technical or Further Educational Institution 233 11.7
    University or other Tertiary Institutions 318 15.9
    Others 63 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6997 91.4
    Semi-detached, row or terrace house, townhouse 578 7.6
    Flat, unit or apartment 48 0.6
    House or flat attached to a shop, office 29 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 883 40.6
    Being purchased 726 33.3
    Fully owned 547 25.1
    Other tenure type 21 1.0
    Tenure Type
Census 2011, ABS
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