Suburb Profile Report for Gunnedah NSW (2380)

Gunnedah House: Median price $322,500, Annual capital growth 4.11%, Number of sales 200, Weekly median advertised rent $350

Gunnedah Unit: Median price $267,000, Annual capital growth 6.41%, Number of sales 24, Weekly median advertised rent $300

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

Property investors who have had real estate in Gunnedah, 2380 should be 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 -5.56%

While Gunnedah,2380 ranked number 1206th in NSW for increase in median house value (annualised) increase, it is ranked 1125th over the last 5 years.

The most recent median price for Gunnedah is $322500, with sellers offering an average of -6.48% off the asking price.

In the last year 200 properties changed hands in Gunnedah, which puts it as the 35th most active market in NSW when comparing the number of sales per suburb.

At number 390th in the list of Australian suburbs ordered by increase in median house value over the last year, Gunnedah, 2380 is in the top 30% with a property value increase of 10.44% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Gunnedah,2380 has racked up an average of 10.44% over the period. This ranks it number 755th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Gunnedah is offering property investors an average of -4.96. This rate of discount on properties puts Suburb at number 14th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Gunnedah the average time real estate has been on the market is 167.38 days.

Metrics i HOUSE UNIT
$322,500 $267,000
-5.15% 5.95%
-5.56% 10.44%
4.11% 6.41%
$350 $300
200 24
5.64% 5.84%
127.04 167.38

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 9341
Median household income ($/weekly) 938
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1281 13.7
    25-34 years 1024 11.0
    35-44 years 1061 11.4
    45-54 years 1217 13.0
    55-64 years 1082 11.6
    Others 3675 39.3
    Age Group
    Census Count Percent(%)
    Registered Married 3181 48.5
    Not Married 2716 41.4
    Defacto Relationship 659 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8299 95.7
    Croatia 25 0.3
    Papua New Guinea 55 0.6
    United Kingdom 114 1.3
    Other 52 0.6
    Others 129 1.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 25 0.3
    Christianity 7206 85.2
    Islam 7 0.1
    Other Religious Groups 11 0.1
    No Religion 1197 14.2
    Others 12 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 351 11.1
    $400-$599 451 14.3
    $600-$799 362 11.5
    $800-$999 300 9.5
    $1,500-$1,999 364 11.6
    Others 1322 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2649 38.7
    Employed, worked full-time 2463 36.0
    Employed, worked part-time 1235 18.0
    Unemployed, looking for work 271 4.0
    Employed, away from work 228 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 484 12.3
    Professionals 524 13.3
    Technicians & trades workers 567 14.4
    Machinery operators & drivers 521 13.3
    Labourers 526 13.4
    Others 1305 33.2
    Occupation
    Census Count Percent(%)
    Pre-school 207 10.5
    Infants/Primary 794 40.3
    Secondary 611 31.0
    Technical or Further Educational Institution 198 10.1
    University or other Tertiary Institutions 120 6.1
    Others 38 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7969 92.3
    Semi-detached, row or terrace house, townhouse 186 2.2
    Flat, unit or apartment 426 4.9
    Caravan, cabin, houseboat 21 0.2
    House or flat attached to a shop, office 27 0.3
    Others 4 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1274 37.1
    Rented 1088 31.7
    Being purchased 1040 30.3
    Other tenure type 34 1.0
    Tenure Type
Census 2011, ABS
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