Suburb Profile Report for Murwillumbah NSW (2484)

Murwillumbah House: Median price $510,000, Annual capital growth 3.42%, Number of sales 204, Weekly median advertised rent $440

Murwillumbah Unit: Median price $345,000, Annual capital growth 11.31%, Number of sales 46, Weekly median advertised rent $320

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

NSW has seen average median house prices change by 2.31% which means that Murwillumbah, 2484 has done well for property investors by showing a capital gain of 10.87% over the last year

The five-year average increase in median property values for Murwillumbah,2484 has given property investors a potential capital gain of 58.88% across each of those five years.

Murwillumbah2484 is located in NSW which offers an average discount of -7.17% to property investors. Murwillumbah itself is showing figures that indicate -5.25% is the average achievable by property buyers investing in the suburb.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 3.42%.

Property investors who have had real estate in Murwillumbah, 2484 should be 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 28.25%

Murwillumbah,2484 has offered an average of 28.25% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Murwillumbah should be aiming for at least -5.13% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 46 properties changed hands in Murwillumbah, which puts it as the 266th most active market in NSW when comparing the number of sales per suburb.

The NSW suburb of Murwillumbah, 2484 is in the Tweed (A) local government area.

Metrics i HOUSE UNIT
$510,000 $345,000
5.15% 32.69%
10.87% 28.25%
3.42% 11.31%
$440 $320
204 46
4.49% 4.82%
81.09 57.66

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6342
Median household income ($/weekly) 770
Median age of persons 43
Median housing loan repayment ($/monthly) 1709
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 818 12.9
    35-44 years 741 11.7
    45-54 years 880 13.9
    55-64 years 721 11.4
    65-74 years 606 9.6
    Others 2576 40.6
    Age Group
    Census Count Percent(%)
    Registered Married 2044 45.7
    Not Married 2040 45.6
    Defacto Relationship 390 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 5331 88.3
    Indonesia 62 1.0
    Papua New Guinea 111 1.8
    United Kingdom 254 4.2
    Other 80 1.3
    Others 202 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 1.4
    Christianity 4048 70.5
    Hinduism 118 2.1
    Other Religious Groups 103 1.8
    No Religion 1376 24.0
    Others 13 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 273 12.4
    $400-$599 395 17.9
    $600-$799 328 14.9
    $800-$999 249 11.3
    $1,500-$1,999 215 9.7
    Others 748 33.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2330 48.6
    Employed, worked full-time 1230 25.7
    Employed, worked part-time 854 17.8
    Unemployed, looking for work 216 4.5
    Employed, away from work 163 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 376 16.7
    Technicians & trades workers 340 15.1
    Clerical & administrative workers 276 12.3
    Sales 275 12.2
    Labourers 304 13.5
    Others 679 30.2
    Occupation
    Census Count Percent(%)
    Pre-school 103 7.3
    Infants/Primary 533 38.0
    Secondary 436 31.1
    Technical or Further Educational Institution 166 11.8
    University or other Tertiary Institutions 133 9.5
    Others 33 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4870 83.6
    Flat, unit or apartment 476 8.2
    Semi-detached, row or terrace house, townhouse 450 7.7
    House or flat attached to a shop, office 26 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 884 37.3
    Rented 752 31.7
    Being purchased 718 30.3
    Other tenure type 15 0.6
    Tenure Type
Census 2011, ABS
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