Suburb Profile Report for Islington NSW (2296)

Islington House: Median price $630,000, Annual capital growth 8.89%, Number of sales 33, Weekly median advertised rent $450

Islington Unit: Median price $590,000, Annual capital growth 9.94%, Number of sales 15, Weekly median advertised rent $450

  • 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.

  • Expert Report
  • House Report
  • Unit Report

Property value increases in Islington have tracked close to the NSW average of -4.21% over the last 12 months.

Taking the average capital gain, or increase in median house value, Islington,2296 has racked up an average of -5.97% over the period. This ranks it number 704th in the whole country for real estate investors looking at median house price increases.

Islington, 2296 is offering NSW ‘s 228th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

At number 2043 in a list of fastest selling suburbs, Islington is just in the bottom half of suburbs in Australia with an average of days on market 81.6818 for properties listed there.

With the median price for a house in Islington being $630000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.71%

NSW has seen average median house prices change by -4.02% which means that Islington, 2296 has not done well for property investors by showing a capital gain of -6.35% over the last year

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

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 9.94%, investors should hope to achieve an overall return of 3.97%

Information supplied by:


December 2017

M
O

W
E

Historic suburb sustains highs

Postcode: 2296

Median unit price: $615,000

Three-year growth: 32.3%

Rental yield: 3.4%

Just 3km west of Newcastle, the suburb of Islington is known as the city’s restaurant precinct. In addition to dining, it is lined with shops and is also regarded as an antique district since it was established in the 1870s.

Its popularity with unit buyers is evidenced by its steady trend of positive growth over the past five years. Such properties also sell very quickly, with an average time on market of just 20 days. This can be attributed to its close proximity to Newcastle, its accessibility and its many amenities.

Islington is connected to the Pacific Highway, and buses run through the suburb via Maitland Road. The Hamilton railway station is situated at the southern end of the suburb, facilitating commutes to the Central Coast and Sydney.

Metrics i HOUSE UNIT
$630,000 $590,000
0.00% -6.35%
-5.97% -6.35%
8.89% 9.94%
$450 $450
33 15
3.71% 3.97%
81.6818181818182 84.7

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 : Balanced (H), Above average (U)
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Demographics
Total population 1806
Median household income ($/weekly) 1148
Median age of persons 34
Median housing loan repayment ($/monthly) 1800
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 192 10.6
    25-34 years 409 22.6
    35-44 years 311 17.2
    45-54 years 210 11.6
    55-64 years 171 9.5
    Others 513 28.4
    Age Group
    Census Count Percent(%)
    Not Married 791 57.9
    Registered Married 346 25.3
    Defacto Relationship 229 16.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1405 84.9
    Croatia 9 0.5
    Papua New Guinea 23 1.4
    United Kingdom 58 3.5
    Other 84 5.1
    Others 76 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 2.6
    Christianity 846 53.4
    Islam 11 0.7
    Other Religious Groups 16 1.0
    No Religion 664 41.9
    Others 6 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 81 11.3
    $600-$799 72 10.0
    $1,000-$1,249 80 11.1
    $1,250-$1,499 68 9.5
    $1,500-$1,999 111 15.5
    Others 306 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 606 42.7
    Not in the labour force 402 28.3
    Employed, worked part-time 284 20.0
    Unemployed, looking for work 79 5.6
    Employed, away from work 49 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 265 28.3
    Technicians & trades workers 139 14.9
    Community & personal service workers 116 12.4
    Clerical & administrative workers 125 13.4
    Sales 91 9.7
    Others 200 21.4
    Occupation
    Census Count Percent(%)
    Pre-school 34 8.1
    Infants/Primary 84 20.0
    Secondary 69 16.4
    Technical or Further Educational Institution 67 15.9
    University or other Tertiary Institutions 158 37.5
    Others 9 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1209 71.9
    Flat, unit or apartment 271 16.1
    Semi-detached, row or terrace house, townhouse 180 10.7
    House or flat attached to a shop, office 21 1.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 366 47.0
    Being purchased 247 31.7
    Fully owned 161 20.7
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
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