Suburb Profile Report for Moree NSW (2400)

Moree House: Median price $178,750, Annual capital growth 0.52%, Number of sales 110, Weekly median advertised rent $300

  • 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.

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  • House Report

At number 4006th in the list of Australian suburbs ordered by increase in median house value over the last year, Moree, 2400 is in the BOTTOM 10% with a property value increase of -23.94% recorded in median house prices.

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

At number 14th of NSW’s most discounted properties, Moree is in the bottom 10% of the state/territory when listing in order of most discounted to least.

At number 3441 in a list of fastest selling suburbs, Moree is in the bottom 10% of suburbs in Australia with an average of days on market 131.72 for properties listed there.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 0.52%, investors should hope to achieve an overall return of 8.73%

Information supplied by:


April 2018

M
O

W
E

Housing rental is strong

Postcode: 2400

Median house price: $220,000

Three-year growth: -2.9%

Rental yield: 6.9%

Moree is a huge agricultural hub, largely due to the fact that it holds a big presence in the Australian cotton-growing industry. It’s found right on the banks of the Mehi River.

Around 40.7% of dwellings are occupied by renters, giving you a great chance to get in there with a rental investment property. Moree is considered a steady place to invest, with investment returns slowly increasing according to property reports.

Moree contains a number of heritage-listed sites, as well as a railway station and airport. It also has a lot of facilities for locals as well as tourist attractions, one of the most popular being the artisan hot spring baths which are said to provide a lot of health benefits.

Metrics i HOUSE UNIT
$178,750 N/A
-4.26% N/A
-23.94% N/A
0.52% N/A
$300 N/A
110 N/A
8.73% N/A
131.72 N/A

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 : Poor (H), Poor (U)
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Demographics
Total population 9346
Median household income ($/weekly) 1084
Median age of persons 36
Median housing loan repayment ($/monthly) 1324
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1272 13.6
    25-34 years 1224 13.1
    35-44 years 1295 13.9
    45-54 years 1227 13.1
    55-64 years 1030 11.0
    Others 3299 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 2702 45.2
    Not Married 2549 42.6
    Defacto Relationship 727 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 7834 94.4
    Indonesia 47 0.6
    Papua New Guinea 68 0.8
    United Kingdom 86 1.0
    Other 66 0.8
    Others 196 2.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.3
    Christianity 7150 87.4
    Hinduism 43 0.5
    Other Religious Groups 16 0.2
    No Religion 918 11.2
    Others 24 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 289 10.3
    $600-$799 289 10.3
    $1,000-$1,249 284 10.2
    $1,250-$1,499 281 10.0
    $1,500-$1,999 332 11.9
    Others 1322 47.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2753 42.8
    Not in the labour force 2180 33.9
    Employed, worked part-time 989 15.4
    Unemployed, looking for work 270 4.2
    Employed, away from work 244 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 654 16.4
    Professionals 602 15.1
    Technicians & trades workers 545 13.7
    Clerical & administrative workers 570 14.3
    Labourers 424 10.6
    Others 1192 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 198 10.6
    Infants/Primary 776 41.5
    Secondary 514 27.5
    Technical or Further Educational Institution 210 11.2
    University or other Tertiary Institutions 135 7.2
    Others 36 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7122 88.3
    Flat, unit or apartment 575 7.1
    Semi-detached, row or terrace house, townhouse 294 3.6
    Caravan, cabin, houseboat 50 0.6
    House or flat attached to a shop, office 21 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1306 41.9
    Fully owned 903 29.0
    Being purchased 882 28.3
    Other tenure type 25 0.8
    Tenure Type
Census 2011, ABS
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