Suburb Profile Report for Gunnedah NSW (2380)

Gunnedah House: Median price $335,000, Annual capital growth 5.12%, Number of sales 247, Weekly median advertised rent $360

Gunnedah Unit: Median price $259,000, Annual capital growth 4.03%, Number of sales 14, Weekly median advertised rent $240

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

Gunnedah has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.47% to date .

While Gunnedah,2380 ranked number 499th in NSW for increase in median house value (annualised) increase, it is ranked 1243th over the last 5 years.

Vendor discounting in Gunnedah is giving property investors an average Vendor Discount of around -5.87%. This puts suburb at number 505th in NSW when ranking the most discounted suburbs.

In the last year 247 properties changed hands in Gunnedah, which puts it as the 53th most active market in NSW when comparing the number of sales per suburb.

Advertised rents are around the $360 mark per week – giving a return of 5.59% based on the median price in Suburb

Gunnedah is in the TOP 20% in NSW when comparing median price capital growth over the last year. Gunnedah gave property investors a very good capital gain figure when compared to the rest of the state, with 8.60%.

Gunnedah,2380 has offered an average of 8.60% return per annum in house price rises to property investors over the last three years.

A $240 per week rent on the median house gives suburb investors a gross yield of circa 4.82%, without taking into account capital value appreciation, which has been averaging out at 4.03%.

Metrics i HOUSE UNIT
$335,000 $259,000
0.00% 3.29%
-1.47% 8.60%
5.12% 4.03%
$360 $240
247 14
5.59% 4.82%
114.9 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Gunnedah NSW
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
Chart Table