Suburb Profile Report for Gerroa NSW (2534)

Gerroa House: Median price $1,200,000, Annual capital growth 5.95%, Number of sales 15, Weekly median advertised rent $600

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

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

  • House Report

Investment property in Gerroa has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -17.24%

A 42.86% growth in median value for property investors in Gerroa,2534 puts this suburb at number 1281th in terms of best performing suburbs in NSW

At number 385 in a list of fastest selling suburbs, Gerroa is in the TOP 20% of suburbs in Australia with an average of days on market 50.5 for properties listed there.

Metrics i HOUSE UNIT
$1,200,000 N/A
-13.98% N/A
-17.24% N/A
5.95% N/A
$600 N/A
15 N/A
2.60% N/A
50.5 N/A

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

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 758
Median household income ($/weekly) 1125
Median age of persons 49
Median housing loan repayment ($/monthly) 1213
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 96 12.7
    35-44 years 70 9.2
    45-54 years 102 13.5
    55-64 years 140 18.5
    65-74 years 131 17.3
    Others 218 28.8
    Age Group
    Census Count Percent(%)
    Registered Married 312 58.5
    Not Married 183 34.3
    Defacto Relationship 38 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 628 86.7
    Germany 6 0.8
    Japan 15 2.1
    United Kingdom 42 5.8
    Other 8 1.1
    Others 25 3.5
    Country of Birth
    Census Count Percent(%)
    Christianity 528 76.0
    No Religion 155 22.3
    Hinduism 6 0.9
    Other Religious Groups 6 0.9
    Buddhism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 33 13.4
    $600-$799 31 12.6
    $800-$999 31 12.6
    $1,500-$1,999 30 12.1
    $2,500-$2,999 31 12.6
    Others 91 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 265 44.0
    Employed, worked full-time 160 26.6
    Employed, worked part-time 139 23.1
    Employed, away from work 31 5.1
    Unemployed, looking for work 7 1.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 67 20.2
    Professionals 107 32.2
    Technicians & trades workers 37 11.1
    Community & personal service workers 35 10.5
    Clerical & administrative workers 29 8.7
    Others 57 17.2
    Occupation
    Census Count Percent(%)
    Pre-school 13 7.7
    Infants/Primary 60 35.5
    Secondary 48 28.4
    Technical or Further Educational Institution 9 5.3
    University or other Tertiary Institutions 32 18.9
    Others 7 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 613 92.0
    Flat, unit or apartment 27 4.1
    Caravan, cabin, houseboat 26 3.9
    Semi-detached, row or terrace house, townhouse 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 139 52.5
    Rented 62 23.4
    Being purchased 61 23.0
    Other tenure type 3 1.1
    Tenure Type
Census 2011, ABS
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