Suburb Profile Report for Magenta NSW (2261)

Magenta House: Median price $1,007,500, Annual capital growth 2.25%, Number of sales 10, Weekly median advertised rent N/A

Magenta Unit: Median price $566,250, Annual capital growth 1.72%, Number of sales 23, Weekly median advertised rent $490

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Magenta have tracked higher than the NSW average of 8.12% over the last 12 months.

While Magenta,2261 ranked number 1332th in NSW for increase in median house value (annualised) increase, it is ranked 1146th over the last 5 years.

At number 659th in the list of Australian suburbs ordered by increase in median house value over the last year, Magenta, 2261 is in the top 40% with a property value increase of 6.84% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Magenta,2261 has racked up an average of 6.84% over the period. This ranks it number 1132th in the whole country for real estate investors looking at median house price increases.

Using the current median advertised rental of $490 and the average annual increase in value of a median property of 1.72%, investors should hope to achieve an overall return of 4.50%

Metrics i HOUSE UNIT
$1,007,500 $566,250
-11.04% 4.86%
22.12% 6.84%
2.25% 1.72%
N/A $490
10 23
N/A 4.50%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 89
Median household income ($/weekly) 2083
Median age of persons 51
Median housing loan repayment ($/monthly) 5200
Average household size 2.6
  • Census Count Percent(%)
    0-4 years 14 15.7
    25-34 years 11 12.4
    35-44 years 17 19.1
    55-64 years 21 23.6
    65-74 years 14 15.7
    Others 12 13.5
    Age Group
    Census Count Percent(%)
    Registered Married 38 74.5
    Not Married 10 19.6
    Defacto Relationship 3 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 60 71.4
    Japan 3 3.6
    South Africa 6 7.1
    United Kingdom 8 9.5
    Other 4 4.8
    Others 3 3.6
    Country of Birth
    Census Count Percent(%)
    Christianity 66 79.5
    No Religion 17 20.5
    Buddhism 0 0.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    Negative/Nil income 3 11.5
    $800-$999 3 11.5
    $1,500-$1,999 7 26.9
    $2,000-$2,499 3 11.5
    $2,500-$2,999 7 26.9
    Others 3 11.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 27 45.8
    Employed, worked full-time 22 37.3
    Employed, worked part-time 10 16.9
    Employed, away from work 0 0.0
    Unemployed, looking for work 0 0.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 12 41.4
    Professionals 8 27.6
    Sales 6 20.7
    Clerical & administrative workers 3 10.3
    Technicians & trades workers 0 0.0
    Others 0 0.0
    Occupation
    Census Count Percent(%)
    Pre-school 6 40.0
    Technical or Further Educational Institution 6 40.0
    Infants/Primary 3 20.0
    Secondary 0 0.0
    University or other Tertiary Institutions 0 0.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 74 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 15 48.4
    Fully owned 10 32.3
    Being purchased 6 19.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals