Suburb Profile Report for Suffolk Park NSW (2481)

Suffolk Park House: Median price $1,100,000, Annual capital growth 6.64%, Number of sales 40, Weekly median advertised rent $850

Suffolk Park Unit: Median price $757,000, Annual capital growth 5.84%, Number of sales 21, Weekly median advertised rent $675

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Suffolk Park, 2481 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -7.17%.

The five-year average increase in median property values for Suffolk Park,2481 has given property investors a potential capital gain of 65.54% across each of those five years.

Property buyers and investors in Suffolk Park 2481 should be seeing an average reduction in asking price of around -9.30% . This means that Suffolk Park is holding prices well when compared to other suburbs in NSW.

Advertised rents are around the $850 mark per week – giving a return of 4.02% based on the median price in Suburb

NSW has seen average median house prices change by -3.83% which means that Suffolk Park, 2481 has not done well for property investors by showing a capital gain of -0.72% over the last year

A 59.37% growth in median value for property investors in Suffolk Park,2481 puts this suburb at number 88th in terms of best performing suburbs in NSW

The NSW suburb of Suffolk Park, 2481 is in the Byron (A) local government area.

Metrics i HOUSE UNIT
$1,100,000 $757,000
4.76% 2.16%
-7.17% -0.72%
6.64% 5.84%
$850 $675
40 21
4.02% 4.64%
93.5 96

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 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 3468
Median household income ($/weekly) 1030
Median age of persons 39
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 444 12.8
    25-34 years 451 13.0
    35-44 years 556 16.0
    45-54 years 610 17.6
    55-64 years 462 13.3
    Others 944 27.2
    Age Group
    Census Count Percent(%)
    Not Married 1159 49.3
    Registered Married 857 36.5
    Defacto Relationship 335 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2552 81.1
    Papua New Guinea 87 2.8
    United Kingdom 198 6.3
    United States of America 47 1.5
    Other 84 2.7
    Others 179 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 136 4.7
    Christianity 1441 49.5
    Judaism 29 1.0
    Other Religious Groups 53 1.8
    No Religion 1233 42.4
    Others 19 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 136 12.5
    $600-$799 116 10.6
    $800-$999 125 11.4
    $1,000-$1,249 103 9.4
    $1,500-$1,999 126 11.5
    Others 486 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 842 32.6
    Employed, worked full-time 739 28.6
    Employed, worked part-time 737 28.5
    Unemployed, looking for work 142 5.5
    Employed, away from work 122 4.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 231 14.4
    Professionals 398 24.9
    Technicians & trades workers 219 13.7
    Community & personal service workers 186 11.6
    Sales 178 11.1
    Others 387 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 66 8.3
    Infants/Primary 250 31.4
    Secondary 229 28.7
    Technical or Further Educational Institution 82 10.3
    University or other Tertiary Institutions 145 18.2
    Others 25 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2281 76.0
    Semi-detached, row or terrace house, townhouse 512 17.1
    Flat, unit or apartment 96 3.2
    Caravan, cabin, houseboat 95 3.2
    House or flat attached to a shop, office 11 0.4
    Others 6 0.2
    Dwelling Structure
    Census Count Percent(%)
    Rented 446 36.8
    Being purchased 405 33.4
    Fully owned 352 29.0
    Other tenure type 9 0.7
    Tenure Type
Census 2011, ABS
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