Suburb Profile Report for Connells Point NSW (2221)

Connells Point House: Median price $1,817,500, Annual capital growth 8.52%, Number of sales 24, Weekly median advertised rent $800

Connells Point Unit: Median price $981,000, Annual capital growth 4.71%, Number of sales 11, Weekly median advertised rent $660

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 2.11% for the last year, Connells Point, 2221 is the 2691th highest performer in Australia in this respect.

A 60.84% growth in median value for property investors in Connells Point,2221 puts this suburb at number 670th in terms of best performing suburbs in NSW

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.57% offered to property buyers. Sellers in Connells Point itself are offering an average vendor discount of -4.52% to real estate investors.

On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.

With the median price for a house in Connells Point being $1817500 and the advertised rent reaching $800 the gross rental yield for property investors calculates out to be 2.29%

Connells Point has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -12.80% to date .

The five-year average increase in median property values for Connells Point,2221 has given property investors a potential capital gain of 44.26% across each of those five years.

Connells Point is 446th on a list of best yielding suburbs for rents in NSW with a 3.50% return

Metrics i HOUSE UNIT
$1,817,500 $981,000
0.41% -1.90%
2.11% -12.80%
8.52% 4.71%
$800 $660
24 11
2.29% 3.50%
98.3 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2702
Median household income ($/weekly) 1834
Median age of persons 42
Median housing loan repayment ($/monthly) 2600
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 377 13.9
    35-44 years 374 13.8
    45-54 years 423 15.6
    55-64 years 354 13.1
    65-74 years 244 9.0
    Others 931 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 1259 61.4
    Not Married 741 36.2
    Defacto Relationship 49 2.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1928 74.4
    Croatia 128 4.9
    Hong Kong 62 2.4
    United Kingdom 68 2.6
    Other 85 3.3
    Others 322 12.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 73 2.9
    Christianity 2097 83.0
    Hinduism 23 0.9
    Islam 37 1.5
    No Religion 290 11.5
    Others 8 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 65 8.4
    $1,500-$1,999 97 12.5
    $2,000-$2,499 68 8.8
    $2,500-$2,999 90 11.6
    $4,000 or more 100 12.9
    Others 354 45.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 811 38.4
    Not in the labour force 790 37.4
    Employed, worked part-time 374 17.7
    Employed, away from work 91 4.3
    Unemployed, looking for work 45 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 238 18.7
    Professionals 338 26.5
    Technicians & trades workers 128 10.0
    Clerical & administrative workers 254 19.9
    Sales 129 10.1
    Others 187 14.7
    Occupation
    Census Count Percent(%)
    Pre-school 50 7.0
    Infants/Primary 243 34.0
    Secondary 223 31.2
    Technical or Further Educational Institution 47 6.6
    University or other Tertiary Institutions 142 19.9
    Others 9 1.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2261 87.6
    Semi-detached, row or terrace house, townhouse 318 12.3
    House or flat attached to a shop, office 3 0.1
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 462 52.4
    Being purchased 329 37.3
    Rented 84 9.5
    Other tenure type 6 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals