Suburb Profile Report for Murwillumbah NSW (2484)

Murwillumbah House: Median price $515,000, Annual capital growth 3.67%, Number of sales 181, Weekly median advertised rent $433

Murwillumbah Unit: Median price $209,250, Annual capital growth 4.75%, Number of sales 43, Weekly median advertised rent $320

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

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

  • House Report
  • Unit Report

Property value increases in Murwillumbah have tracked just higher than the NSW average of 1.39% over the last 12 months.

Across a shorter period, Murwillumbah, 2484 has seen a median price increase of 5.21% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Murwillumbah is offering property investors an average of -7.36. This rate of discount on properties puts Suburb at number 846th in terms of most discounted suburbs in NSW

Situated 649.44km from the CBD, Murwillumbah is one of Tweed (A) localities in the postcode 2484.

Over the last year, property investments in Murwillumbah, 2484 have given investors a capital gain of 15.45%. This compares very favourably with the 0.24% for NSW as a whole.

While Murwillumbah,2484 ranked number 200th in NSW for increase in median house value (annualised) increase, it is ranked 13th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Murwillumbah, 2484. Typically our figures indicate that -5.43% is being offered, which puts this NSW suburb at 769th most discounted overall in Australia.

In the last year 43 properties changed hands in Murwillumbah, which puts it as the 278th most active market in NSW when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $16640 per annum or $320 every week.

Metrics i HOUSE UNIT
$515,000 $209,250
1.48% N/A
9.57% -27.60%
3.67% 4.75%
$433 $320
181 43
4.37% 7.95%
77.42453 N/A

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

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