Suburb Profile Report for Nimbin NSW (2480)

Nimbin House: Median price $385,000, Annual capital growth 4.02%, Number of sales 46, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Nimbin, 2480 have given investors a capital gain of 6.94%. This compares badly with the 11.67% for NSW as a whole.

If we look at median property appreciation over just the last three months, Nimbin has given property investors a paper return of 5.48%. This puts Suburb as 257 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Nimbin should be aiming for at least -4.59% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 46 properties changed hands in Nimbin, which puts it as the 707th most active market in NSW when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$385,000 N/A
5.48% N/A
6.94% N/A
4.02% N/A
$350 N/A
46 N/A
4.73% N/A
103.08 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 1667
Median household income ($/weekly) 617
Median age of persons 46
Median housing loan repayment ($/monthly) 1083
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 204 12.2
    25-34 years 149 8.9
    35-44 years 231 13.9
    45-54 years 351 21.1
    55-64 years 332 19.9
    Others 399 23.9
    Age Group
    Census Count Percent(%)
    Not Married 655 57.5
    Registered Married 293 25.7
    Defacto Relationship 192 16.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1200 79.5
    Greece 29 1.9
    Papua New Guinea 47 3.1
    United Kingdom 115 7.6
    Other 41 2.7
    Others 78 5.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 90 6.7
    Christianity 379 28.1
    Hinduism 6 0.4
    Other Religious Groups 70 5.2
    No Religion 789 58.6
    Others 13 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 71 11.2
    $300-$399 86 13.5
    $400-$599 110 17.3
    $600-$799 93 14.6
    $800-$999 60 9.4
    Others 216 34.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 595 47.7
    Employed, worked part-time 289 23.2
    Employed, worked full-time 254 20.4
    Unemployed, looking for work 75 6.0
    Employed, away from work 35 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 87 15.1
    Professionals 145 25.2
    Technicians & trades workers 75 13.0
    Community & personal service workers 87 15.1
    Clerical & administrative workers 57 9.9
    Others 125 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 25 7.4
    Infants/Primary 124 36.6
    Secondary 96 28.3
    Technical or Further Educational Institution 49 14.5
    University or other Tertiary Institutions 38 11.2
    Others 7 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1432 96.1
    Semi-detached, row or terrace house, townhouse 24 1.6
    Caravan, cabin, houseboat 22 1.5
    Improvised home, tent, sleepers out 7 0.5
    House or flat attached to a shop, office 5 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 311 45.6
    Rented 178 26.1
    Being purchased 174 25.5
    Other tenure type 19 2.8
    Tenure Type
Census 2011, ABS
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