Suburb Profile Report for Kurri Kurri NSW (2327)

Kurri Kurri House: Median price $365,000, Annual capital growth 5.37%, Number of sales 110, Weekly median advertised rent $330

Kurri Kurri Unit: Median price $300,000, Annual capital growth 2.40%, Number of sales 29, Weekly median advertised rent $295

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

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

  • Expert Report
  • House Report
  • Unit Report

Investment property in Kurri Kurri has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.29%

The five-year average increase in median property values for Kurri Kurri,2327 has given property investors a potential capital gain of 32.73% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kurri Kurri, 2327. Typically our figures indicate that -4.30% is being offered, which puts this NSW suburb at 1287th most discounted overall in Australia.

Residents and property investors in Kurri Kurri have been waiting around 73.4225 days to sell a property.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 5.37%, investors should hope to achieve an overall return of 4.70%

Kurri Kurri is an average performer in NSW when comparing median price capital growth over the last year. Kurri Kurri gave property investors a average capital gain figure when compared to the rest of the state, with 4.08%.

The five-year average increase in median property values for Kurri Kurri,2327 has given property investors a potential capital gain of 20.00% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Kurri Kurri is offering property investors an average of -3.81. This rate of discount on properties puts Suburb at number 134th in terms of most discounted suburbs in NSW

At number 1209 in a list of fastest selling suburbs, Kurri Kurri is in the bottom 10% of suburbs in Australia with an average of days on market 126.706 for properties listed there.

The NSW suburb of Kurri Kurri, 2327 is in the Cessnock (C) local government area.

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Kurri Kurri, NSW – Artist town attracts more than just visitors

Postcode: 2327

Median unit price: $288,250

Three-year growth: 10.9%

Rental yield: 5.3%

Known for being the biggest mural town in mainland Australia, Kurri Kurri is an artist’s suburb, with more than 60 pieces of artwork in public space, commemorating the area’s rich history and culture. These magnificent sights help make Kurri Kurri very popular with visitors, and have contributed to its steady trend of positive growth.

Aside from the art, the suburb’s country pubs bring a casual, fun vibe to the area. Kurri Kurri also celebrates its mining roots at the Richmond Vale Railway Museum, which displays a historic mining site and offers steam train rides. The nearby Heddon Greta drive-in adds a touch of nostalgia as movies can be enjoyed in the great outdoors.

Metrics i HOUSE UNIT
$365,000 $300,000
4.29% -5.88%
4.29% 4.08%
5.37% 2.40%
$330 $295
110 29
4.70% 5.11%
73.4225352112676 126.705882352941

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

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Kurri Kurri NSW
Demographics
Total population 5771
Median household income ($/weekly) 846
Median age of persons 37
Median housing loan repayment ($/monthly) 1430
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 828 14.3
    25-34 years 656 11.4
    35-44 years 733 12.7
    45-54 years 726 12.6
    55-64 years 729 12.6
    Others 2099 36.4
    Age Group
    Census Count Percent(%)
    Not Married 1971 46.9
    Registered Married 1754 41.7
    Defacto Relationship 481 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5177 94.6
    Papua New Guinea 32 0.6
    Philippines 14 0.3
    United Kingdom 143 2.6
    Other 26 0.5
    Others 82 1.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 0.3
    Christianity 4174 79.4
    Islam 10 0.2
    Other Religious Groups 19 0.4
    No Religion 1034 19.7
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 223 11.1
    $400-$599 318 15.8
    $600-$799 266 13.2
    $1,000-$1,249 193 9.6
    $1,500-$1,999 199 9.9
    Others 809 40.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1891 44.0
    Employed, worked full-time 1316 30.6
    Employed, worked part-time 727 16.9
    Unemployed, looking for work 208 4.8
    Employed, away from work 160 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 476 21.6
    Clerical & administrative workers 258 11.7
    Sales 238 10.8
    Machinery operators & drivers 291 13.2
    Labourers 340 15.4
    Others 601 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 108 8.7
    Infants/Primary 498 39.9
    Secondary 388 31.1
    Technical or Further Educational Institution 125 10.0
    University or other Tertiary Institutions 92 7.4
    Others 36 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4987 90.1
    Semi-detached, row or terrace house, townhouse 375 6.8
    Flat, unit or apartment 167 3.0
    Caravan, cabin, houseboat 5 0.1
    House or flat attached to a shop, office 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 777 35.9
    Rented 697 32.2
    Being purchased 681 31.4
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
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