Suburb Profile Report for Harrington NSW (2427)

Harrington House: Median price $475,000, Annual capital growth 4.48%, Number of sales 85, Weekly median advertised rent $490

Harrington Unit: Median price $387,500, Annual capital growth 6.30%, Number of sales 14, Weekly median advertised rent $315

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Harrington has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -12.84%

Across a shorter period, Harrington, 2427 has seen a median price increase of 0.00% over the last quarter.

Harrington, 2427 is offering NSW ‘s 873th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.

On average over the past year, suburb has had 7.08 sales per month, which equates to 85 per year.

Situated 260.25km from the CBD, Harrington is one of Mid-Coast (A) localities in the postcode 2427.

Investment property in Harrington has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 25.00%

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

Vendor discounting in Harrington is giving property investors an average Vendor Discount of around -4.52%. This puts suburb at number 327th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Harrington the average time real estate has been on the market is 108.538 days.

Metrics i HOUSE UNIT
$475,000 $387,500
0.00% 31.36%
-12.84% 25.00%
4.48% 6.30%
$490 $315
85 14
5.36% 4.23%
100.031746031746 108.538461538462

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2256
Median household income ($/weekly) 649
Median age of persons 59
Median housing loan repayment ($/monthly) 1517
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 197 8.7
    45-54 years 254 11.3
    55-64 years 478 21.2
    65-74 years 480 21.3
    75-84 years 261 11.6
    Others 587 26.0
    Age Group
    Census Count Percent(%)
    Registered Married 973 55.6
    Not Married 633 36.2
    Defacto Relationship 145 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1934 90.6
    New Zealand 10 0.5
    Papua New Guinea 24 1.1
    United Kingdom 97 4.5
    Other 20 0.9
    Others 50 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 1712 81.3
    No Religion 375 17.8
    Buddhism 12 0.6
    Other Religious Groups 5 0.2
    Hinduism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 132 14.5
    $400-$599 206 22.6
    $600-$799 148 16.3
    $800-$999 114 12.5
    $1,000-$1,249 60 6.6
    Others 250 27.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1226 65.7
    Employed, worked full-time 296 15.9
    Employed, worked part-time 222 11.9
    Unemployed, looking for work 70 3.8
    Employed, away from work 52 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 70 12.3
    Professionals 101 17.7
    Technicians & trades workers 84 14.7
    Community & personal service workers 81 14.2
    Labourers 76 13.3
    Others 159 27.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 119 39.9
    Secondary 102 34.2
    Technical or Further Educational Institution 28 9.4
    Pre-school 26 8.7
    University or other Tertiary Institutions 23 7.7
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1774 84.4
    Semi-detached, row or terrace house, townhouse 216 10.3
    Flat, unit or apartment 69 3.3
    House or flat attached to a shop, office 28 1.3
    Caravan, cabin, houseboat 14 0.7
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 526 54.2
    Rented 285 29.4
    Being purchased 154 15.9
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
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