Suburb Profile Report for Tuncurry NSW (2428)

Tuncurry House: Median price $505,000, Annual capital growth 3.35%, Number of sales 81, Weekly median advertised rent $435

Tuncurry Unit: Median price $355,000, Annual capital growth 4.18%, Number of sales 85, Weekly median advertised rent $310

  • 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.

  • Expert Report
  • House Report
  • Unit Report

Tuncurry has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.88% to date .

While Tuncurry,2428 ranked number 1198th in NSW for increase in median house value (annualised) increase, it is ranked 494th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Tuncurry, 2428. Typically our figures indicate that -7.47% is being offered, which puts this NSW suburb at 861th most discounted overall in Australia.

With the median price for a house in Tuncurry being $505000 and the advertised rent reaching $435 the gross rental yield for property investors calculates out to be 4.48%

Tuncurry, 2428 ranked 194th in NSW when comparing growth in median property values or capital gain over the last 12 months. Tuncurry is one of 3163 in our list for NSW

While Tuncurry,2428 ranked number 209th in NSW for increase in median house value (annualised) increase, it is ranked 72th over the last 5 years.

The most recent median price for Tuncurry is $355000, with sellers offering an average of -6.34% off the asking price.

Advertised rents are around the $310 mark per week – giving a return of 4.54% based on the median price in Suburb

Information supplied by:


April 2019

M
O

W
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Tourist haven is a growing hub

Postcode: 2428

Median house price: $497,500

Three-year growth: 21.9%

Rental yield: 4.4%

A coastal suburb in NSW’s Mid North Coast area, Tuncurry overlooks the water and is a lively tourist spot, especially in the summer months, along with neighbouring Forster.

Nine Mile Beach is a perfect spot for swimming and surfing, and fishing is a popular local activity as well. Swimmers can also head to Tuncurry Rockpool. Wharves and jetties dot the lakefront pockets of the suburb, while amenities like supermarkets have also entered Tuncurry in recent years. Given its relaxed atmosphere, Tuncurry is a great spot for families.

With a median price tag of less than $500,000, Tuncurry offers good value for houses. The market has also been on the rise since 2014, with value growth of 35.9% from January 2014-2019. Investors also reap reasonable returns at 4.4% off an average weekly rent of $420.

Metrics i HOUSE UNIT
$505,000 $355,000
-2.65% 1.43%
-2.88% 0.00%
3.35% 4.18%
$435 $310
81 85
4.48% 4.54%
111.421052631579 113.436363636364

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 : Above average (H), Balanced (U)
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Demographics
Total population 5800
Median household income ($/weekly) 623
Median age of persons 59
Median housing loan repayment ($/monthly) 1361
Average household size 1.9
  • Census Count Percent(%)
    5-14 years 474 8.2
    45-54 years 672 11.6
    55-64 years 886 15.3
    65-74 years 1065 18.4
    75-84 years 893 15.4
    Others 1810 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 2162 47.9
    Not Married 1989 44.0
    Defacto Relationship 365 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4913 90.6
    Greece 18 0.3
    Papua New Guinea 64 1.2
    United Kingdom 249 4.6
    Other 44 0.8
    Others 136 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 0.7
    Christianity 4501 84.5
    Islam 11 0.2
    Other Religious Groups 11 0.2
    No Religion 765 14.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 369 15.2
    $400-$599 588 24.2
    $600-$799 408 16.8
    $800-$999 297 12.2
    $1,000-$1,249 155 6.4
    Others 615 25.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3059 63.3
    Employed, worked full-time 784 16.2
    Employed, worked part-time 661 13.7
    Unemployed, looking for work 196 4.1
    Employed, away from work 130 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 222 14.1
    Technicians & trades workers 234 14.8
    Community & personal service workers 219 13.9
    Sales 216 13.7
    Labourers 231 14.7
    Others 454 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 72 8.9
    Infants/Primary 296 36.8
    Secondary 261 32.4
    Technical or Further Educational Institution 120 14.9
    University or other Tertiary Institutions 42 5.2
    Others 14 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3119 58.8
    Semi-detached, row or terrace house, townhouse 1230 23.2
    Flat, unit or apartment 696 13.1
    Caravan, cabin, houseboat 221 4.2
    House or flat attached to a shop, office 34 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1344 51.9
    Rented 821 31.7
    Being purchased 398 15.4
    Other tenure type 26 1.0
    Tenure Type
Census 2011, ABS
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