Suburb Profile Report for Mallabula NSW (2319)

Mallabula House: Median price $516,250, Annual capital growth 8.42%, Number of sales 16, Weekly median advertised rent $390

  • 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.

  • Expert Report
  • House Report

Mallabula has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 27.47% to date .

Over the longer term, Mallabula has seen property prices show investors a 39.91% return over the last 3 years. This is worse than over the last 12 months

At number 780th of NSW’s most discounted properties, Mallabula is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Renters in Suburb are facing rents around $20280 per annum or $390 every week.

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
$516,250 N/A
34.09% N/A
27.47% N/A
8.42% N/A
$390 N/A
16 N/A
3.93% N/A
114.928571428571 N/A

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 : Above average (H), Below average (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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