Suburb Profile Report for Nambucca Heads NSW (2448)

Nambucca Heads House: Median price $402,500, Annual capital growth 3.72%, Number of sales 99, Weekly median advertised rent $380

Nambucca Heads Unit: Median price $314,000, Annual capital growth 4.40%, Number of sales 32, Weekly median advertised rent $285

  • 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.

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 4.55% for the last year, Nambucca Heads, 2448 is the 1163th highest performer in Australia in this respect.

Over the longer term, Nambucca Heads has seen property prices show investors a 22.90% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Nambucca Heads are currently offering property investors an average price cut of -6.09% below the asking price at the moment.

In the last year 99 properties changed hands in Nambucca Heads, which puts it as the 229th most active market in NSW when comparing the number of sales per suburb.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.91%, without taking into account capital value appreciation, which has been averaging out at 3.72%.

Nambucca Heads is in the bottom 40% in NSW when comparing median price capital growth over the last year. Nambucca Heads gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.27%.

Comparing Nambucca Heads,2448 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Nambucca Heads is offering property investors an average of -6.01. This rate of discount on properties puts Suburb at number 280th in terms of most discounted suburbs in NSW

Nambucca Heads, 2448’s gross rental yield is 4.72%

Metrics i HOUSE UNIT
$402,500 $314,000
3.87% -1.88%
4.55% -4.27%
3.72% 4.40%
$380 $285
99 32
4.91% 4.72%
103.860759493671 105.727272727273

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)
Find a mortgage broker in Nambucca Heads NSW
Demographics
Total population 6221
Median household income ($/weekly) 626
Median age of persons 53
Median housing loan repayment ($/monthly) 1400
Average household size 2
  • Census Count Percent(%)
    5-14 years 625 10.0
    45-54 years 783 12.6
    55-64 years 975 15.7
    65-74 years 997 16.0
    75-84 years 686 11.0
    Others 2156 34.7
    Age Group
    Census Count Percent(%)
    Not Married 2260 48.0
    Registered Married 2029 43.1
    Defacto Relationship 420 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5178 88.5
    New Zealand 29 0.5
    Papua New Guinea 76 1.3
    United Kingdom 350 6.0
    Other 63 1.1
    Others 158 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 62 1.1
    Christianity 4329 76.9
    Hinduism 6 0.1
    Other Religious Groups 26 0.5
    No Religion 1205 21.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 460 18.0
    $400-$599 512 20.0
    $600-$799 406 15.9
    $800-$999 295 11.5
    $1,000-$1,249 186 7.3
    Others 697 27.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3083 61.9
    Employed, worked full-time 821 16.5
    Employed, worked part-time 708 14.2
    Unemployed, looking for work 250 5.0
    Employed, away from work 115 2.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 244 14.9
    Technicians & trades workers 254 15.5
    Community & personal service workers 234 14.3
    Clerical & administrative workers 211 12.9
    Labourers 218 13.3
    Others 481 29.3
    Occupation
    Census Count Percent(%)
    Pre-school 97 9.3
    Infants/Primary 392 37.7
    Secondary 320 30.8
    Technical or Further Educational Institution 157 15.1
    University or other Tertiary Institutions 51 4.9
    Others 23 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4526 77.8
    Semi-detached, row or terrace house, townhouse 430 7.4
    Flat, unit or apartment 651 11.2
    Caravan, cabin, houseboat 127 2.2
    House or flat attached to a shop, office 78 1.3
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1198 44.7
    Rented 1005 37.5
    Being purchased 453 16.9
    Other tenure type 22 0.8
    Tenure Type
Census 2011, ABS
Chart Table