Suburb Profile Report for Lawrence NSW (2460)

Lawrence House: Median price $401,250, Annual capital growth 6.09%, Number of sales 28, Weekly median advertised rent $380

  • 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.

  • Expert Report
  • House Report

Property investors who have had real estate in Lawrence, 2460 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.68%

If we look at median property appreciation over just the last three months, Lawrence has given property investors a paper return of 7.72%. This puts Suburb as 66 on a list of fastest fasting appreciating suburbs in NSW

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 Lawrence, 2460. Typically our figures indicate that -5.61% is being offered, which puts this NSW suburb at 2333th most discounted overall in Australia.

In the last year 28 properties changed hands in Lawrence, which puts it as the 838th most active market in NSW when comparing the number of sales per suburb.

The NSW suburb of Lawrence, 2460 is in the Clarence Valley (A) local government area.

Information supplied by:


September 2017

M
O

W
E

Big growth in small suburb

Postcode: 2460

Median house price: $340,000

Three-year growth: 30.8%

Rental yield: 5.8%

Situated 13km from Maclean is the suburb of Lawrence. While houses spend a long time on the market here at an average of 114 days, it boasts low prices and looks to be experiencing steady growth.

In the past 12 months leading up to July 2017, Lawrence recorded almost 24% growth. Nonetheless, the median house price is highly affordable at just $340,000. The potential of the rental market is quite strong, with the average rental yield coming in at 5.8%.

While the suburb is quite small, it is well-stocked with amenities, including many facilities for cricket, soccer, golf and tennis. A public school has also been established here, and it is served by bus route 384 to Grafton, which is the closest regional centre.

Metrics i HOUSE UNIT
$401,250 N/A
7.72% N/A
3.68% N/A
6.09% N/A
$380 N/A
28 N/A
4.92% N/A
92.75 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 : Above average (H), Above average (U)
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Demographics
Total population 1047
Median household income ($/weekly) 728
Median age of persons 52
Median housing loan repayment ($/monthly) 1192
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 127 12.1
    35-44 years 99 9.4
    45-54 years 159 15.2
    55-64 years 221 21.1
    65-74 years 180 17.2
    Others 262 25.0
    Age Group
    Census Count Percent(%)
    Registered Married 468 58.0
    Not Married 268 33.2
    Defacto Relationship 71 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 911 90.7
    New Zealand 7 0.7
    Papua New Guinea 15 1.5
    United Kingdom 40 4.0
    Other 13 1.3
    Others 18 1.8
    Country of Birth
    Census Count Percent(%)
    Christianity 751 77.8
    No Religion 200 20.7
    Other Religious Groups 6 0.6
    Buddhism 5 0.5
    Judaism 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 43 11.4
    $400-$599 71 18.8
    $600-$799 63 16.7
    $800-$999 42 11.1
    $1,000-$1,249 39 10.3
    Others 119 31.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 465 54.6
    Employed, worked full-time 187 21.9
    Employed, worked part-time 134 15.7
    Unemployed, looking for work 44 5.2
    Employed, away from work 22 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 59 17.0
    Professionals 47 13.5
    Technicians & trades workers 56 16.1
    Community & personal service workers 48 13.8
    Machinery operators & drivers 39 11.2
    Others 98 28.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 80 39.0
    Secondary 76 37.1
    Technical or Further Educational Institution 27 13.2
    Pre-school 11 5.4
    University or other Tertiary Institutions 11 5.4
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 973 98.4
    Caravan, cabin, houseboat 11 1.1
    Semi-detached, row or terrace house, townhouse 5 0.5
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 230 54.5
    Being purchased 142 33.6
    Rented 50 11.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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