Suburb Profile Report for Metford NSW (2323)

Metford House: Median price $425,000, Annual capital growth 3.37%, Number of sales 79, Weekly median advertised rent $400

Metford Unit: Median price $260,000, Annual capital growth 0.41%, Number of sales 11, Weekly median advertised rent $300

  • 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.

  • House Report
  • Unit Report

Property investors who have had real estate in Metford, 2323 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.19%

While Metford,2323 ranked number 303th in NSW for increase in median house value (annualised) increase, it is ranked 852th over the last 5 years.

Vendor discounting in Metford is giving property investors an average Vendor Discount of around -3.91%. This puts suburb at number 797th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Metford the average time real estate has been on the market is 48.4545 days.

Metford, 2323’s gross rental yield is 4.89%

Property value increases in Metford have tracked lower than the NSW average of -0.92% over the last 12 months.

Taking the average capital gain, or increase in median house value, Metford,2323 has racked up an average of -14.05% over the period. This ranks it number 1325th in the whole country for real estate investors looking at median house price increases.

With the median price for a house in Metford being $260000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 6.00%

Metrics i HOUSE UNIT
$425,000 $260,000
3.66% -16.13%
-3.19% -14.05%
3.37% 0.41%
$400 $300
79 11
4.89% 6.00%
48.4545454545455 76.3

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 : Very good (H), Above average (U)
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Demographics
Total population 4871
Median household income ($/weekly) 1170
Median age of persons 31
Median housing loan repayment ($/monthly) 1670
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 739 15.2
    25-34 years 743 15.3
    35-44 years 711 14.6
    45-54 years 617 12.7
    55-64 years 496 10.2
    Others 1566 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 1577 46.1
    Not Married 1410 41.2
    Defacto Relationship 433 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4214 90.7
    Indonesia 41 0.9
    Papua New Guinea 38 0.8
    United Kingdom 89 1.9
    Other 81 1.7
    Others 184 4.0
    Country of Birth
    Census Count Percent(%)
    Christianity 3598 79.6
    Hinduism 41 0.9
    Islam 21 0.5
    Other Religious Groups 27 0.6
    No Religion 818 18.1
    Others 17 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 158 10.0
    $600-$799 173 10.9
    $800-$999 158 10.0
    $1,000-$1,249 181 11.4
    $1,500-$1,999 239 15.1
    Others 673 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1383 39.4
    Not in the labour force 1201 34.2
    Employed, worked part-time 670 19.1
    Unemployed, looking for work 139 4.0
    Employed, away from work 115 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 264 12.2
    Technicians & trades workers 414 19.1
    Clerical & administrative workers 333 15.4
    Machinery operators & drivers 260 12.0
    Labourers 275 12.7
    Others 621 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 121 9.6
    Infants/Primary 474 37.5
    Secondary 353 27.9
    Technical or Further Educational Institution 145 11.5
    University or other Tertiary Institutions 140 11.1
    Others 30 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4322 93.0
    Flat, unit or apartment 235 5.1
    Semi-detached, row or terrace house, townhouse 92 2.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 715 42.6
    Rented 596 35.5
    Fully owned 361 21.5
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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