Suburb Profile Report for Mallabula NSW (2319)

Mallabula House: Median price $415,000, Annual capital growth 6.92%, Number of sales 11, Weekly median advertised rent $375

  • 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.

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  • House Report

NSW has seen average median house prices change by -4.21% which means that Mallabula, 2319 has not done well for property investors by showing a capital gain of -2.98% over the last year

If we look at median property appreciation over just the last three months, Mallabula has given property investors a paper return of -7.78%. This puts Suburb as 1214 on a list of fastest fasting appreciating suburbs in NSW

Using the current median advertised rental of $375 and the average annual increase in value of a median property of 6.92%, investors should hope to achieve an overall return of 4.70%

Information supplied by:


March 2018

M
O

W
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Seaside spot capitalises on tourism

Postcode: 2319

Median house price: $419,500

Three-year growth: 20.7%

Rental yield: 5.1%

Near the shores of the Hunter region, houses in the suburb of Mallabula have been experiencing considerable, steady price hikes for the past five years.

In the December 2017 quarter, Mallabula reported 13.7% growth; nonetheless, the median house value remains under $420,000. Thus, this market is quite affordable. The average rental yield is also strong at 5.1%, and houses are selling at an average discount rate of just 3.1%; thus, Mallabula is ideal for both buyers and sellers.

The suburb is mainly residential, with the Port Stephens harbour, a popular tourist spot, located nearby. Mallabula residents can enjoy fishing, swimming, boating and other water-based activities here, and enjoy gourmet food and wine. Commuters heading out can take the bus from the stop on Strathmore Road.

Metrics i HOUSE UNIT
$415,000 N/A
-7.78% N/A
-2.98% N/A
6.92% N/A
$375 N/A
11 N/A
4.70% N/A
N/A 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 : Balanced (H), Balanced (U)
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Demographics
Total population 850
Median household income ($/weekly) 927
Median age of persons 43
Median housing loan repayment ($/monthly) 1344
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 102 12.0
    35-44 years 90 10.6
    45-54 years 135 15.9
    55-64 years 124 14.6
    65-74 years 101 11.9
    Others 298 35.1
    Age Group
    Census Count Percent(%)
    Registered Married 314 48.0
    Not Married 256 39.1
    Defacto Relationship 84 12.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 729 88.0
    Japan 4 0.5
    Papua New Guinea 10 1.2
    United Kingdom 49 5.9
    Other 16 1.9
    Others 20 2.4
    Country of Birth
    Census Count Percent(%)
    Christianity 632 78.7
    No Religion 165 20.5
    Other Religious Groups 6 0.7
    Buddhism 0 0.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 32 10.8
    $400-$599 44 14.8
    $600-$799 42 14.1
    $800-$999 36 12.1
    $1,000-$1,249 28 9.4
    Others 115 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 292 42.9
    Employed, worked full-time 204 30.0
    Employed, worked part-time 128 18.8
    Employed, away from work 29 4.3
    Unemployed, looking for work 27 4.0
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 74 20.3
    Community & personal service workers 45 12.4
    Clerical & administrative workers 44 12.1
    Machinery operators & drivers 40 11.0
    Labourers 53 14.6
    Others 108 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 17 8.5
    Infants/Primary 75 37.5
    Secondary 57 28.5
    Technical or Further Educational Institution 27 13.5
    University or other Tertiary Institutions 15 7.5
    Others 9 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 782 94.6
    Flat, unit or apartment 28 3.4
    Semi-detached, row or terrace house, townhouse 17 2.1
    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 121 36.9
    Being purchased 109 33.2
    Rented 98 29.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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