Suburb Profile Report for Islington NSW (2296)

Islington House: Median price $592,500, Annual capital growth 8.25%, Number of sales 39, Weekly median advertised rent $450

Islington Unit: Median price $638,500, Annual capital growth 6.10%, Number of sales 20, Weekly median advertised rent $400

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Islington is in the bottom 20% in NSW when comparing median price capital growth over the last year. Islington gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.69%.

Comparing Islington,2296 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Islington is offering property investors an average of -6.70. This rate of discount on properties puts Suburb at number 72th in terms of most discounted suburbs in NSW

A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.95%, without taking into account capital value appreciation, which has been averaging out at 8.25%.

NSW has seen average median house prices change by -0.92% which means that Islington, 2296 has not done well for property investors by showing a capital gain of -0.08% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Islington comes in at number 38th in NSW.

In the last year 20 properties changed hands in Islington, which puts it as the 409th most active market in NSW when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $20800 per annum or $400 every week.

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
$592,500 $638,500
-8.14% 8.22%
-6.69% -0.08%
8.25% 6.10%
$450 $400
39 20
3.95% 3.26%
84.0909090909091 82.3076923076923

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (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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