Suburb Profile Report for Gymea Bay NSW (2227)

Gymea Bay House: Median price $1,329,000, Annual capital growth 5.84%, Number of sales 63, Weekly median advertised rent $810

Gymea Bay Unit: Median price $1,040,000, Annual capital growth 7.50%, Number of sales 20, Weekly median advertised rent $555

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Gymea Bay has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.32% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gymea Bay has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Gymea Bay is offering property investors an average of -6.46. This rate of discount on properties puts Suburb at number 406th in terms of most discounted suburbs in NSW

Advertised rents are around the $810 mark per week – giving a return of 3.17% based on the median price in Suburb

Giving property investors a a solid capital gain of 12.74% for the last year, Gymea Bay, 2227 is the 214th highest performer in Australia in this respect.

The five-year average increase in median property values for Gymea Bay,2227 has given property investors a potential capital gain of 26.06% across each of those five years.

Often selling an investment property can take time, and in Gymea Bay the average time real estate has been on the market is 66.5455 days.

Using the current median advertised rental of $555 and the average annual increase in value of a median property of 7.50%, investors should hope to achieve an overall return of 2.77%

Metrics i HOUSE UNIT
$1,329,000 $1,040,000
4.24% 13.04%
6.32% 12.74%
5.84% 7.50%
$810 $555
63 20
3.17% 2.78%
62.3333333333333 66.5454545454546

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 6873
Median household income ($/weekly) 2204
Median age of persons 39
Median housing loan repayment ($/monthly) 2700
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1107 16.1
    35-44 years 1062 15.5
    45-54 years 1060 15.4
    55-64 years 829 12.1
    65-74 years 522 7.6
    Others 2293 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 3159 63.2
    Not Married 1610 32.2
    Defacto Relationship 233 4.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 5839 87.0
    Japan 30 0.4
    Papua New Guinea 75 1.1
    United Kingdom 349 5.2
    Other 112 1.7
    Others 304 4.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 0.6
    Christianity 5275 81.4
    Hinduism 15 0.2
    Islam 11 0.2
    No Religion 1113 17.2
    Others 22 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 190 9.8
    $2,000-$2,499 226 11.7
    $2,500-$2,999 293 15.2
    $3,000-$3,499 223 11.5
    $4,000 or more 206 10.7
    Others 795 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2150 41.6
    Not in the labour force 1519 29.4
    Employed, worked part-time 1171 22.7
    Employed, away from work 213 4.1
    Unemployed, looking for work 112 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 607 17.2
    Professionals 834 23.6
    Technicians & trades workers 477 13.5
    Clerical & administrative workers 676 19.1
    Sales 344 9.7
    Others 597 16.9
    Occupation
    Census Count Percent(%)
    Pre-school 184 9.4
    Infants/Primary 750 38.3
    Secondary 571 29.2
    Technical or Further Educational Institution 135 6.9
    University or other Tertiary Institutions 291 14.9
    Others 27 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6245 94.2
    Semi-detached, row or terrace house, townhouse 349 5.3
    Flat, unit or apartment 32 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 988 46.0
    Fully owned 978 45.5
    Rented 174 8.1
    Other tenure type 8 0.4
    Tenure Type
Census 2011, ABS
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