Suburb Profile Report for Kurri Kurri NSW (2327)

Kurri Kurri House: Median price $352,500, Annual capital growth 5.38%, Number of sales 114, Weekly median advertised rent $350

Kurri Kurri Unit: Median price $288,000, Annual capital growth 1.59%, Number of sales 17, Weekly median advertised rent $285

  • 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.

  • House Report
  • Unit Report

Over the last year, property investments in Kurri Kurri, 2327 have given investors a capital gain of 2.47%. This compares favourably with the -4.21% for NSW as a whole.

Over the longer term, Kurri Kurri has seen property prices show investors a 20.10% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Kurri Kurri is giving property investors an average Vendor Discount of around -5.98%. This puts suburb at number 674th in NSW when ranking the most discounted suburbs.

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

NSW has seen average median house prices change by -4.02% which means that Kurri Kurri, 2327 has not done well for property investors by showing a capital gain of 1.05% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kurri Kurri has increased when compared to the 5 year average annual rate.

Property buyers and investors in Kurri Kurri 2327 should be seeing an average reduction in asking price of around -4.32% . This means that Kurri Kurri is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.

A $285 per week rent on the median house gives suburb investors a gross yield of circa 5.15%, without taking into account capital value appreciation, which has been averaging out at 1.59%.

Metrics i HOUSE UNIT
$352,500 $288,000
1.44% -0.09%
2.47% 1.05%
5.38% 1.59%
$350 $285
114 17
5.16% 5.15%
66.7888888888889 62.7272727272727

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 : Above average (H), Good (U)
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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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