Suburb Profile Report for Avoca Beach NSW (2251)

Avoca Beach House: Median price $950,000, Annual capital growth 6.11%, Number of sales 85, Weekly median advertised rent $560

Avoca Beach Unit: Median price $870,000, Annual capital growth 3.49%, Number of sales 38, Weekly median advertised rent $520

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

Source: CoreLogic

  • House Report
  • Unit Report

Avoca Beach has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 15.71% to date .

If we look at median property appreciation over just the last three months, Avoca Beach has given property investors a paper return of 3.83%. This puts Suburb as 368 on a list of fastest fasting appreciating suburbs in NSW

At number 406th of NSW’s most discounted properties, Avoca Beach is in the bottom 40% of the state/territory when listing in order of most discounted to least.

In the last year 85 properties changed hands in Avoca Beach, which puts it as the 356th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $560 and the average annual increase in value of a median property of 6.11%, investors should hope to achieve an overall return of 3.07%

Over the last year, property investments in Avoca Beach, 2251 have given investors a capital gain of 24.29%. This compares very favourably with the 7.48% for NSW as a whole.

If we look at median property appreciation over just the last three months, Avoca Beach has given property investors a paper return of 2.35%. This puts Suburb as 177 on a list of fastest fasting appreciating suburbs in NSW

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.27% offered to property buyers. Sellers in Avoca Beach itself are offering an average vendor discount of -4.49% to real estate investors.

With the median price for a house in Avoca Beach being $870000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.11%

Metrics i HOUSE UNIT
$950,000 $870,000
3.83% 2.35%
15.71% 24.29%
6.11% 3.49%
$560 $520
85 38
3.07% 3.11%
39.47 65.21

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4317
Median household income ($/weekly) 1458
Median age of persons 40
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 696 16.1
    25-34 years 354 8.2
    35-44 years 644 14.9
    45-54 years 684 15.8
    55-64 years 581 13.5
    Others 1359 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 1675 55.0
    Not Married 1120 36.8
    Defacto Relationship 251 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3336 81.1
    Papua New Guinea 66 1.6
    South Africa 62 1.5
    United Kingdom 424 10.3
    Other 55 1.3
    Others 169 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 50 1.3
    Christianity 2910 73.4
    Hinduism 6 0.2
    Other Religious Groups 9 0.2
    No Religion 977 24.6
    Others 14 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 118 9.2
    $1,000-$1,249 116 9.0
    $1,500-$1,999 178 13.8
    $2,000-$2,499 135 10.5
    $2,500-$2,999 137 10.6
    Others 604 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1207 37.5
    Not in the labour force 1011 31.4
    Employed, worked part-time 782 24.3
    Employed, away from work 123 3.8
    Unemployed, looking for work 93 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 265 12.5
    Professionals 613 29.0
    Technicians & trades workers 313 14.8
    Community & personal service workers 229 10.8
    Clerical & administrative workers 283 13.4
    Others 412 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 90 7.5
    Infants/Primary 456 37.9
    Secondary 357 29.7
    Technical or Further Educational Institution 98 8.2
    University or other Tertiary Institutions 161 13.4
    Others 40 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3559 88.8
    Semi-detached, row or terrace house, townhouse 212 5.3
    Caravan, cabin, houseboat 125 3.1
    Flat, unit or apartment 104 2.6
    House or flat attached to a shop, office 9 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 624 43.0
    Fully owned 535 36.8
    Rented 290 20.0
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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