Suburb Profile Report for Summerland Point NSW (2259)

Summerland Point House: Median price $507,500, Annual capital growth 6.99%, Number of sales 50, Weekly median advertised rent $425

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

At number 3658th in the list of Australian suburbs ordered by increase in median house value over the last year, Summerland Point, 2259 is in the BOTTOM 20% with a property value increase of -13.02% 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 Summerland Point has increased when compared to the 5 year average annual rate.

Vendor discounting in Summerland Point is giving property investors an average Vendor Discount of around -10.59%. This puts suburb at number 51th in NSW when ranking the most discounted suburbs.

At number 3203 in a list of fastest selling suburbs, Summerland Point is in the bottom 20% of suburbs in Australia with an average of days on market 114.139 for properties listed there.

With the median price for a house in Summerland Point being $507500 and the advertised rent reaching $425 the gross rental yield for property investors calculates out to be 4.35%

Metrics i HOUSE UNIT
$507,500 N/A
-4.69% N/A
-13.02% N/A
6.99% N/A
$425 N/A
50 N/A
4.35% N/A
114.138888888889 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2358
Median household income ($/weekly) 919
Median age of persons 44
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 341 14.5
    35-44 years 309 13.1
    45-54 years 328 13.9
    55-64 years 336 14.2
    65-74 years 321 13.6
    Others 723 30.7
    Age Group
    Census Count Percent(%)
    Registered Married 920 53.3
    Not Married 639 37.0
    Defacto Relationship 168 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2009 88.0
    Greece 14 0.6
    Papua New Guinea 22 1.0
    United Kingdom 116 5.1
    Other 33 1.4
    Others 90 3.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1761 80.4
    No Religion 396 18.1
    Buddhism 20 0.9
    Islam 7 0.3
    Other Religious Groups 7 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 79 9.6
    $400-$599 125 15.2
    $600-$799 97 11.8
    $800-$999 100 12.2
    $1,500-$1,999 109 13.3
    Others 310 37.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 868 47.9
    Employed, worked full-time 537 29.6
    Employed, worked part-time 267 14.7
    Unemployed, looking for work 87 4.8
    Employed, away from work 55 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 110 12.8
    Technicians & trades workers 166 19.3
    Clerical & administrative workers 109 12.7
    Sales 106 12.3
    Labourers 95 11.1
    Others 273 31.8
    Occupation
    Census Count Percent(%)
    Pre-school 49 9.4
    Infants/Primary 214 41.0
    Secondary 162 31.0
    Technical or Further Educational Institution 48 9.2
    University or other Tertiary Institutions 38 7.3
    Others 11 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2215 99.3
    Semi-detached, row or terrace house, townhouse 12 0.5
    Flat, unit or apartment 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 373 42.6
    Being purchased 295 33.7
    Rented 204 23.3
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table