Suburb Profile Report for South Golden Beach NSW (2483)

South Golden Beach House: Median price $912,500, Annual capital growth 8.54%, Number of sales 21, Weekly median advertised rent $650

  • 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

South Golden Beach has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 16.24% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, South Golden Beach comes in at number 11th in NSW.

Property investors looking for a bargain in South Golden Beach should be aiming for at least -6.80% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $650 weekly from the median priced house in this suburb.

Information supplied by:


August 2017

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House market benefits from having good neighbours

Postcode: 2483

Median house price: $695,000

Three-year growth: 44.49%

Rental yield: 3.78%

Near the Queensland border, the small coastal suburb of South Golden Beach sees strong demand even with a lack of amenities.

The suburb reported a rise of over 36% in house prices in the year leading up to May 2017, with the median value coming in at just under $700,000. Even then, discount rates are low at an average of only 3.48%, indicating that price is not a problem for buyers.

South Golden Beach is surrounded by suburbs rich in conveniences, such as Byron Bay and Ocean Shores. Thus, residents have access to many schools, including Byron Bay Public school, Byron Bay High School and Byron Region Community College. Residents can also meet their shopping needs at the Ocean Shores Shopping Centre.  

Metrics i HOUSE UNIT
$912,500 N/A
15.51% N/A
16.24% N/A
8.54% N/A
$650 N/A
21 N/A
3.70% N/A
116.722222222222 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 : Balanced (H), Below average (U)
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Demographics
Total population 752
Median household income ($/weekly) 829
Median age of persons 36
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 126 16.8
    25-34 years 77 10.3
    35-44 years 144 19.3
    45-54 years 124 16.6
    55-64 years 97 13.0
    Others 180 24.1
    Age Group
    Census Count Percent(%)
    Not Married 270 52.4
    Registered Married 155 30.1
    Defacto Relationship 90 17.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 596 82.9
    Papua New Guinea 25 3.5
    United Kingdom 47 6.5
    United States of America 10 1.4
    Other 16 2.2
    Others 25 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 4.1
    Christianity 216 33.8
    Judaism 7 1.1
    Other Religious Groups 21 3.3
    No Religion 366 57.3
    Others 3 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 29 11.5
    $400-$599 46 18.2
    $600-$799 38 15.0
    $800-$999 27 10.7
    $1,500-$1,999 27 10.7
    Others 86 34.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 186 34.4
    Employed, worked part-time 155 28.7
    Employed, worked full-time 143 26.5
    Unemployed, looking for work 37 6.9
    Employed, away from work 19 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 32 10.2
    Professionals 80 25.5
    Technicians & trades workers 45 14.3
    Community & personal service workers 37 11.8
    Labourers 49 15.6
    Others 71 22.6
    Occupation
    Census Count Percent(%)
    Pre-school 16 6.8
    Infants/Primary 85 36.0
    Secondary 75 31.8
    Technical or Further Educational Institution 25 10.6
    University or other Tertiary Institutions 30 12.7
    Others 5 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 658 90.9
    Flat, unit or apartment 38 5.2
    Semi-detached, row or terrace house, townhouse 28 3.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 120 41.8
    Being purchased 105 36.6
    Fully owned 59 20.6
    Other tenure type 3 1.0
    Tenure Type
Census 2011, ABS
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