Suburb Profile Report for Empire Bay NSW (2257)

Empire Bay House: Median price $767,500, Annual capital growth 7.08%, Number of sales 30, Weekly median advertised rent $485

  • 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

Investment property in Empire Bay has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.94%

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

Our latest figures would indicate that property sellers in Empire Bay are currently offering property investors an average price cut of -7.78% below the asking price at the moment.

A $485 per week rent on the median house gives suburb investors a gross yield of circa 3.29%, without taking into account capital value appreciation, which has been averaging out at 7.08%.

Metrics i HOUSE UNIT
$767,500 N/A
3.02% N/A
-3.94% N/A
7.08% N/A
$485 N/A
30 N/A
3.29% N/A
111.190476190476 N/A

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), Below average (U)
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Demographics
Total population 2273
Median household income ($/weekly) 1133
Median age of persons 41
Median housing loan repayment ($/monthly) 2114
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 366 16.1
    35-44 years 318 14.0
    45-54 years 363 16.0
    55-64 years 308 13.5
    65-74 years 200 8.8
    Others 719 31.6
    Age Group
    Census Count Percent(%)
    Registered Married 881 53.6
    Not Married 604 36.7
    Defacto Relationship 159 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1913 88.4
    Italy 14 0.6
    Papua New Guinea 37 1.7
    United Kingdom 116 5.4
    Other 22 1.0
    Others 62 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 11 0.5
    Christianity 1685 79.7
    Hinduism 11 0.5
    Other Religious Groups 5 0.2
    No Religion 400 18.9
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 78 10.8
    $600-$799 75 10.4
    $800-$999 77 10.7
    $1,000-$1,249 69 9.6
    $1,500-$1,999 93 12.9
    Others 330 45.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 619 36.5
    Not in the labour force 592 34.9
    Employed, worked part-time 341 20.1
    Unemployed, looking for work 72 4.2
    Employed, away from work 71 4.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 112 10.9
    Professionals 170 16.6
    Technicians & trades workers 186 18.1
    Community & personal service workers 122 11.9
    Clerical & administrative workers 160 15.6
    Others 277 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 39 6.6
    Infants/Primary 254 42.9
    Secondary 163 27.5
    Technical or Further Educational Institution 53 9.0
    University or other Tertiary Institutions 67 11.3
    Others 16 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1951 90.9
    Flat, unit or apartment 99 4.6
    Caravan, cabin, houseboat 69 3.2
    Semi-detached, row or terrace house, townhouse 25 1.2
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 336 42.1
    Fully owned 293 36.7
    Rented 165 20.7
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
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