Suburb Profile Report for Gulmarrad NSW (2463)

Gulmarrad House: Median price $500,000, Annual capital growth 2.80%, Number of sales 50, Weekly median advertised rent $480

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

Investment property in Gulmarrad has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.38%

Across a shorter period, Gulmarrad, 2463 has seen a median price increase of 4.17% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Gulmarrad is offering property investors an average of -6.18. This rate of discount on properties puts Suburb at number 1028th in terms of most discounted suburbs in NSW

At number 3650 in a list of fastest selling suburbs, Gulmarrad is in the bottom 10% of suburbs in Australia with an average of days on market 142.8 for properties listed there.

Advertised rents are around the $480 mark per week – giving a return of 4.99% based on the median price in Suburb

Metrics i HOUSE UNIT
$500,000 N/A
4.17% N/A
6.38% N/A
2.80% N/A
$480 N/A
50 N/A
4.99% N/A
142.8 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1643
Median household income ($/weekly) 978
Median age of persons 44
Median housing loan repayment ($/monthly) 1430
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 282 17.2
    35-44 years 231 14.1
    45-54 years 253 15.4
    55-64 years 300 18.2
    65-74 years 211 12.8
    Others 367 22.3
    Age Group
    Census Count Percent(%)
    Registered Married 798 67.4
    Not Married 277 23.4
    Defacto Relationship 109 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1424 90.3
    New Zealand 11 0.7
    Papua New Guinea 16 1.0
    United Kingdom 77 4.9
    Other 17 1.1
    Others 32 2.0
    Country of Birth
    Census Count Percent(%)
    Christianity 1219 79.9
    No Religion 296 19.4
    Buddhism 11 0.7
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 86 16.9
    $600-$799 70 13.7
    $800-$999 57 11.2
    $1,000-$1,249 63 12.4
    $1,250-$1,499 54 10.6
    Others 180 35.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 569 45.4
    Employed, worked full-time 343 27.4
    Employed, worked part-time 253 20.2
    Employed, away from work 46 3.7
    Unemployed, looking for work 43 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 79 12.3
    Professionals 89 13.9
    Technicians & trades workers 110 17.1
    Clerical & administrative workers 78 12.1
    Labourers 86 13.4
    Others 200 31.2
    Occupation
    Census Count Percent(%)
    Pre-school 22 5.6
    Infants/Primary 168 42.5
    Secondary 137 34.7
    Technical or Further Educational Institution 40 10.1
    University or other Tertiary Institutions 19 4.8
    Others 9 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1526 99.4
    Semi-detached, row or terrace house, townhouse 3 0.2
    Flat, unit or apartment 3 0.2
    Improvised home, tent, sleepers out 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 298 52.7
    Being purchased 224 39.6
    Rented 41 7.2
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
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