Suburb Profile Report for Werris Creek NSW (2341)

Werris Creek House: Median price $170,000, Annual capital growth 2.68%, Number of sales 25, Weekly median advertised rent $248

  • 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

Werris Creek is in the bottom 20% in NSW when comparing median price capital growth over the last year. Werris Creek gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.11%.

Over the longer term, Werris Creek has seen property prices show investors a 21.43% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Werris Creek 2341 should be seeing an average reduction in asking price of around -10.25% . This means that Werris Creek is holding prices well when compared to other suburbs in NSW.

At number 2524 in a list of fastest selling suburbs, Werris Creek is in the bottom 40% of suburbs in Australia with an average of days on market 91.4 for properties listed there.

Advertised rents are around the $247.5 mark per week – giving a return of 7.57% based on the median price in Suburb

Metrics i HOUSE UNIT
$170,000 N/A
-7.10% N/A
-8.11% N/A
2.68% N/A
$248 N/A
25 N/A
7.57% N/A
91.4 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 : Balanced (H), Balanced (U)
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Demographics
Total population 1729
Median household income ($/weekly) 706
Median age of persons 45
Median housing loan repayment ($/monthly) 1114
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 203 11.7
    25-34 years 166 9.6
    45-54 years 243 14.1
    55-64 years 254 14.7
    65-74 years 220 12.7
    Others 643 37.2
    Age Group
    Census Count Percent(%)
    Not Married 584 45.4
    Registered Married 557 43.3
    Defacto Relationship 144 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1568 94.6
    Croatia 6 0.4
    Papua New Guinea 12 0.7
    United Kingdom 41 2.5
    Other 12 0.7
    Others 18 1.1
    Country of Birth
    Census Count Percent(%)
    Christianity 1426 88.2
    No Religion 180 11.1
    Buddhism 4 0.2
    Other Religious Groups 4 0.2
    Islam 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 104 16.2
    $400-$599 130 20.2
    $600-$799 90 14.0
    $800-$999 52 8.1
    $1,500-$1,999 59 9.2
    Others 207 32.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 727 53.3
    Employed, worked full-time 346 25.3
    Employed, worked part-time 179 13.1
    Unemployed, looking for work 61 4.5
    Employed, away from work 52 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 77 13.4
    Technicians & trades workers 66 11.5
    Clerical & administrative workers 60 10.4
    Machinery operators & drivers 106 18.4
    Labourers 95 16.5
    Others 171 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 36 10.7
    Infants/Primary 123 36.5
    Secondary 106 31.5
    Technical or Further Educational Institution 43 12.8
    University or other Tertiary Institutions 24 7.1
    Others 5 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1583 97.8
    Semi-detached, row or terrace house, townhouse 25 1.5
    Flat, unit or apartment 4 0.2
    Improvised home, tent, sleepers out 3 0.2
    House or flat attached to a shop, office 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 348 49.5
    Rented 187 26.6
    Being purchased 163 23.2
    Other tenure type 5 0.7
    Tenure Type
Census 2011, ABS
Chart Table