Suburb Profile Report for Magenta NSW (2261)

Magenta House: Median price $952,500, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent N/A

Magenta Unit: Median price $575,000, Annual capital growth 2.70%, Number of sales 20, Weekly median advertised rent N/A

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

On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.

If you compare the increase in value of investment property in Magenta, 2261 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 15.00%.

Across a shorter period, Magenta, 2261 has seen a median price increase of 1.32% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Magenta, 2261. Typically our figures indicate that -7.66% is being offered, which puts this NSW suburb at 190th most discounted overall in Australia.

At number 1290 in a list of fastest selling suburbs, Magenta is in the bottom 20% of suburbs in Australia with an average of days on market 116 for properties listed there.

Metrics i HOUSE UNIT
$952,500 $575,000
-8.76% 1.32%
N/A 15.00%
N/A 2.70%
N/A N/A
12 20
N/A N/A
N/A 116

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (U)
Find a mortgage broker in Magenta NSW
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
Chart Table
Recent sales & rentals