Suburb Profile Report for Leumeah NSW (2560)

Leumeah House: Median price $590,000, Annual capital growth 7.45%, Number of sales 99, Weekly median advertised rent $400

Leumeah Unit: Median price $385,000, Annual capital growth 4.64%, Number of sales 29, Weekly median advertised rent $340

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Leumeah has done pretty 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 -8.53%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Leumeah has increased when compared to the 5 year average annual rate.

Vendor discounting in Leumeah is giving property investors an average Vendor Discount of around -9.18%. This puts suburb at number 136th in NSW when ranking the most discounted suburbs.

Property value increases in Leumeah have tracked lower than the NSW average of -3.67% over the last 12 months.

A 31.40% growth in median value for property investors in Leumeah,2560 puts this suburb at number 269th in terms of best performing suburbs in NSW

Vendor discounting in Leumeah is giving property investors an average Vendor Discount of around -9.52%. This puts suburb at number 25th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Leumeah the average time real estate has been on the market is 73.8462 days.

With the median price for a house in Leumeah being $385000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.59%

Metrics i HOUSE UNIT
$590,000 $385,000
-4.07% -1.66%
-8.53% -11.49%
7.45% 4.64%
$400 $340
99 29
3.53% 4.59%
62.1341463414634 73.8461538461538

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

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 9418
Median household income ($/weekly) 1144
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1162 12.3
    25-34 years 1518 16.1
    35-44 years 1181 12.5
    45-54 years 1225 13.0
    55-64 years 1291 13.7
    Others 3041 32.3
    Age Group
    Census Count Percent(%)
    Registered Married 3304 46.8
    Not Married 3137 44.4
    Defacto Relationship 624 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 6378 71.7
    Papua New Guinea 253 2.8
    Philippines 233 2.6
    United Kingdom 489 5.5
    Other 556 6.3
    Others 985 11.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 134 1.5
    Christianity 6436 74.0
    Hinduism 275 3.2
    Islam 425 4.9
    No Religion 1333 15.3
    Others 96 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 334 10.7
    $600-$799 308 9.9
    $1,000-$1,249 324 10.4
    $1,500-$1,999 421 13.5
    $2,000-$2,499 320 10.2
    Others 1419 45.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2919 40.7
    Not in the labour force 2512 35.0
    Employed, worked part-time 1157 16.1
    Unemployed, looking for work 327 4.6
    Employed, away from work 256 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 626 14.5
    Technicians & trades workers 661 15.3
    Clerical & administrative workers 776 17.9
    Sales 464 10.7
    Machinery operators & drivers 467 10.8
    Others 1338 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 171 8.3
    Infants/Primary 739 35.8
    Secondary 534 25.9
    Technical or Further Educational Institution 268 13.0
    University or other Tertiary Institutions 276 13.4
    Others 74 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7485 83.2
    Semi-detached, row or terrace house, townhouse 1091 12.1
    Flat, unit or apartment 409 4.5
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1271 38.1
    Rented 1113 33.4
    Fully owned 940 28.2
    Other tenure type 10 0.3
    Tenure Type
Census 2011, ABS
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