Suburb Profile Report for Murwillumbah NSW (2484)

Murwillumbah House: Median price $470,000, Annual capital growth 2.73%, Number of sales 150, Weekly median advertised rent $430

Murwillumbah Unit: Median price $337,500, Annual capital growth 12.17%, Number of sales 44, Weekly median advertised rent $363

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Murwillumbah, 2484 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.63%.

While Murwillumbah,2484 ranked number 454th in NSW for increase in median house value (annualised) increase, it is ranked 810th over the last 5 years.

Property buyers and investors in Murwillumbah 2484 should be seeing an average reduction in asking price of around -4.45% . This means that Murwillumbah is holding prices well when compared to other suburbs in NSW.

Residents and property investors in Murwillumbah have been waiting around 75.86 days to sell a property.

The five-year average increase in median property values for Murwillumbah,2484 has given property investors a potential capital gain of 82.43% across each of those five years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.44% offered to property buyers. Sellers in Murwillumbah itself are offering an average vendor discount of -3.60% to real estate investors.

Murwillumbah is 47th on a list of best yielding suburbs for rents in NSW with a 5.59% return

Metrics i HOUSE UNIT
$470,000 $337,500
2.17% 19.89%
14.63% N/A
2.73% 12.17%
$430 $363
150 44
4.76% 5.59%
75.86 63.7

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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
Chart Table
Recent sales & rentals