Suburb Profile Report for Grafton NSW (2460)

Grafton House: Median price $320,000, Annual capital growth 2.35%, Number of sales 188, Weekly median advertised rent $365

Grafton Unit: Median price $258,000, Annual capital growth 2.09%, Number of sales 43, Weekly median advertised rent $295

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Grafton has done pretty 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 -3.03%

Over the longer term, Grafton has seen property prices show investors a 7.02% return over the last 3 years. This is worse than over the last 12 months

At number 544th of NSW’s most discounted properties, Grafton is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $365 weekly from the median priced house in this suburb.

Property value increases in Grafton have tracked just lower than the NSW average of 0.04% over the last 12 months.

Grafton,2460 has offered an average of -3.55% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Grafton should be aiming for at least -4.49% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Grafton the average time real estate has been on the market is 124.826 days.

Grafton is 20th on a list of best yielding suburbs for rents in NSW with a 5.95% return

Metrics i HOUSE UNIT
$320,000 $258,000
-6.16% -0.77%
-3.03% -3.55%
2.35% 2.09%
$365 $295
188 43
5.93% 5.95%
80.9850746268657 124.826086956522

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 10205
Median household income ($/weekly) 816
Median age of persons 41
Median housing loan repayment ($/monthly) 1430
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1298 12.7
    25-34 years 1078 10.6
    35-44 years 1130 11.1
    45-54 years 1376 13.5
    55-64 years 1195 11.7
    Others 4128 40.5
    Age Group
    Census Count Percent(%)
    Not Married 3301 46.6
    Registered Married 3092 43.6
    Defacto Relationship 692 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 9251 94.6
    Papua New Guinea 56 0.6
    Philippines 28 0.3
    United Kingdom 203 2.1
    Other 73 0.7
    Others 170 1.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 0.4
    Christianity 7592 81.9
    Islam 14 0.2
    Other Religious Groups 35 0.4
    No Religion 1577 17.0
    Others 9 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 414 11.7
    $400-$599 609 17.2
    $600-$799 459 13.0
    $800-$999 362 10.2
    $1,500-$1,999 358 10.1
    Others 1339 37.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3695 46.5
    Employed, worked full-time 2256 28.4
    Employed, worked part-time 1394 17.5
    Unemployed, looking for work 341 4.3
    Employed, away from work 261 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 605 15.5
    Technicians & trades workers 531 13.6
    Community & personal service workers 596 15.2
    Clerical & administrative workers 546 14.0
    Sales 515 13.2
    Others 1118 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 194 9.0
    Infants/Primary 789 36.5
    Secondary 684 31.6
    Technical or Further Educational Institution 275 12.7
    University or other Tertiary Institutions 171 7.9
    Others 51 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7846 85.8
    Semi-detached, row or terrace house, townhouse 521 5.7
    Flat, unit or apartment 736 8.0
    Caravan, cabin, houseboat 28 0.3
    House or flat attached to a shop, office 13 0.1
    Others 4 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1483 38.5
    Rented 1219 31.7
    Being purchased 1136 29.5
    Other tenure type 13 0.3
    Tenure Type
Census 2011, ABS
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