Suburb Profile Report for Barrack Heights NSW (2528)

Barrack Heights House: Median price $600,000, Annual capital growth 7.90%, Number of sales 74, Weekly median advertised rent $450

Barrack Heights Unit: Median price $368,000, Annual capital growth 7.43%, Number of sales 13, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 16.50% for the last 12 months, Barrack Heights, 2528 has performed for property investments than its average annual 7.90% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Barrack Heights has given property investors a paper return of 3.63%. This puts Suburb as 385 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -4.42% to buyers in Barrack Heights at the moment, which is less than average for the rest of NSW.

Barrack Heights has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 14.11% to date .

Taking the average capital gain, or increase in median house value, Barrack Heights,2528 has racked up an average of 14.11% over the period. This ranks it number 144th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Barrack Heights 2528 should be seeing an average reduction in asking price of around -3.40% . This means that Barrack Heights is holding prices well when compared to other suburbs in NSW.

In the last year 13 properties changed hands in Barrack Heights, which puts it as the 550th most active market in NSW when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $3960 per annum or $330 every week.

YIP MAG Information supplied by:

YIP MAG
June 2016

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With strong growth and healthy rental returns, Barrack Heights looks likely to be an attractive choice for most investors.Full summary With strong growth and healthy rental returns, Barrack Heights looks likely to be an attractive choice for most investors.

But those investors who do consider the suburb, located between Shellharbour and Wollongong, should definitely do their research, as Barrack Heights is continuing its transformation from a place known for a high rate of antisocial behaviour to a more gentrified location.

Providing they choose the right street, those who take a chance in Barrack Heights could come out very happy. The median house price is still a relatively affordable $470,000, having grown 24% in the past year and 41% over
the past five.

It appears buyers are taking notice of that too, as houses are spending just 34 days on the market, on average.

Other attractions include both a public and private hospital nearby, as well as a number of schools and a TAFE campus, and the recently revamped Stocklands Shellharbour, the area’s leading retail facility.Close
Metrics i HOUSE UNIT
$600,000 $368,000
3.63% 2.51%
16.50% 14.11%
7.90% 7.43%
$450 $330
74 13
3.90% 4.66%
48.1 36.38

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6016
Median household income ($/weekly) 943
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 784 13.0
    25-34 years 749 12.4
    35-44 years 730 12.1
    45-54 years 789 13.1
    55-64 years 766 12.7
    Others 2199 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 2143 48.5
    Not Married 1908 43.1
    Defacto Relationship 372 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4306 76.8
    Germany 211 3.8
    Japan 67 1.2
    United Kingdom 443 7.9
    Other 187 3.3
    Others 395 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.5
    Christianity 4418 80.4
    Islam 85 1.5
    Other Religious Groups 22 0.4
    No Religion 931 17.0
    Others 8 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 192 10.2
    $400-$599 309 16.3
    $600-$799 201 10.6
    $800-$999 187 9.9
    $1,500-$1,999 205 10.8
    Others 796 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2037 45.2
    Employed, worked full-time 1352 30.0
    Employed, worked part-time 750 16.6
    Unemployed, looking for work 196 4.3
    Employed, away from work 172 3.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 425 18.7
    Community & personal service workers 294 12.9
    Clerical & administrative workers 294 12.9
    Sales 301 13.2
    Labourers 275 12.1
    Others 686 30.2
    Occupation
    Census Count Percent(%)
    Pre-school 111 8.8
    Infants/Primary 474 37.6
    Secondary 375 29.7
    Technical or Further Educational Institution 155 12.3
    University or other Tertiary Institutions 121 9.6
    Others 26 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5274 92.9
    Semi-detached, row or terrace house, townhouse 270 4.8
    Flat, unit or apartment 110 1.9
    House or flat attached to a shop, office 19 0.3
    Caravan, cabin, houseboat 6 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 792 38.2
    Rented 651 31.4
    Being purchased 619 29.9
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals