Suburb Profile Report for Ramsgate NSW (2217)

Ramsgate House: Median price $1,420,000, Annual capital growth 9.80%, Number of sales 11, Weekly median advertised rent $650

Ramsgate Unit: Median price $680,000, Annual capital growth 3.86%, Number of sales 15, Weekly median advertised rent $550

  • 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.

  • House Report
  • Unit Report

Investment property in Ramsgate has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.97%

While Ramsgate,2217 ranked number 18th in NSW for increase in median house value (annualised) increase, it is ranked 170th over the last 5 years.

With the median price for a house in Ramsgate being $1420000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 2.38%

At number 1059th in the list of Australian suburbs ordered by increase in median house value over the last year, Ramsgate, 2217 is in the BOTTOM 40% with a property value increase of -4.43% 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 Ramsgate has increased when compared to the 5 year average annual rate.

Ramsgate is 227th on a list of best yielding suburbs for rents in NSW with a 4.21% return

Metrics i HOUSE UNIT
$1,420,000 $680,000
18.33% 0.00%
1.97% -4.43%
9.80% 3.86%
$650 $550
11 15
2.38% 4.21%
N/A N/A

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 903
Median household income ($/weekly) 1483
Median age of persons 40
Median housing loan repayment ($/monthly) 2349
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 108 11.9
    25-34 years 105 11.6
    35-44 years 157 17.4
    45-54 years 108 11.9
    55-64 years 117 12.9
    Others 309 34.2
    Age Group
    Census Count Percent(%)
    Registered Married 350 50.8
    Not Married 311 45.1
    Defacto Relationship 28 4.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 575 69.0
    Fiji 38 4.6
    Hong Kong 39 4.7
    United Kingdom 29 3.5
    Other 36 4.3
    Others 116 13.9
    Country of Birth
    Census Count Percent(%)
    Christianity 674 82.3
    No Religion 90 11.0
    Islam 32 3.9
    Buddhism 14 1.7
    Hinduism 9 1.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 22 8.4
    $1,000-$1,249 31 11.8
    $1,500-$1,999 30 11.4
    $2,000-$2,499 26 9.9
    $2,500-$2,999 28 10.6
    Others 126 47.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 275 39.8
    Not in the labour force 246 35.6
    Employed, worked part-time 119 17.2
    Unemployed, looking for work 31 4.5
    Employed, away from work 20 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 62 14.9
    Professionals 76 18.3
    Technicians & trades workers 71 17.1
    Clerical & administrative workers 75 18.0
    Sales 35 8.4
    Others 97 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 13 7.1
    Infants/Primary 66 36.3
    Secondary 49 26.9
    Technical or Further Educational Institution 18 9.9
    University or other Tertiary Institutions 33 18.1
    Others 3 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 697 83.1
    Flat, unit or apartment 92 11.0
    Semi-detached, row or terrace house, townhouse 44 5.2
    Improvised home, tent, sleepers out 3 0.4
    House or flat attached to a shop, office 3 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 129 44.2
    Being purchased 97 33.2
    Rented 63 21.6
    Other tenure type 3 1.0
    Tenure Type
Census 2011, ABS
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