Suburb Profile Report for Kurri Kurri NSW (2327)

Kurri Kurri House: Median price $350,000, Annual capital growth 5.07%, Number of sales 118, Weekly median advertised rent $350

Kurri Kurri Unit: Median price $302,500, Annual capital growth 2.51%, Number of sales 18, Weekly median advertised rent $288

  • 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
  • Unit Report

Kurri Kurri has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.19% to date .

A 29.63% growth in median value for property investors in Kurri Kurri,2327 puts this suburb at number 1175th in terms of best performing suburbs in NSW

Kurri Kurri2327 is located in NSW which offers an average discount of -6.70% to property investors. Kurri Kurri itself is showing figures that indicate -6.39% is the average achievable by property buyers investing in the suburb.

Investment property in Kurri Kurri has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.54%

Comparing Kurri Kurri,2327 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 344th of NSW’s most discounted properties, Kurri Kurri is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Kurri Kurri the average time real estate has been on the market is 57.7692 days.

Kurri Kurri, 2327’s gross rental yield is 4.94%

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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
$350,000 $302,500
-2.10% 4.85%
2.19% 2.54%
5.07% 2.51%
$350 $288
118 18
5.20% 4.94%
73.5333333333333 57.7692307692308

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)
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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