Suburb Profile Report for Picton NSW (2571)

Picton House: Median price $705,000, Annual capital growth 6.49%, Number of sales 75, Weekly median advertised rent $460

Picton Unit: Median price $501,750, Annual capital growth 2.55%, Number of sales 12, Weekly median advertised rent $360

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Picton have tracked lower than the NSW average of 0.15% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Picton comes in at number 1024th in NSW.

Picton2571 is located in NSW which offers an average discount of -6.70% to property investors. Picton itself is showing figures that indicate -7.64% is the average achievable by property buyers investing in the suburb.

In the last year 75 properties changed hands in Picton, which puts it as the 365th most active market in NSW when comparing the number of sales per suburb.

A $460 per week rent on the median house gives suburb investors a gross yield of circa 3.39%, without taking into account capital value appreciation, which has been averaging out at 6.49%.

The five-year average increase in median property values for Picton,2571 has given property investors a potential capital gain of 25.44% across each of those five years.

Our latest figures would indicate that property sellers in Picton are currently offering property investors an average price cut of -5.41% below the asking price at the moment.

Renters in Suburb are facing rents around $18720 per annum or $360 every week.

Metrics i HOUSE UNIT
$705,000 $501,750
0.00% N/A
-7.24% N/A
6.49% 2.55%
$460 $360
75 12
3.39% 3.73%
93.9137931034483 94.6363636363636

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 4594
Median household income ($/weekly) 1488
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 706 15.4
    25-34 years 426 9.3
    35-44 years 721 15.7
    45-54 years 693 15.1
    55-64 years 530 11.5
    Others 1519 33.1
    Age Group
    Census Count Percent(%)
    Registered Married 1799 55.2
    Not Married 1205 37.0
    Defacto Relationship 256 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3847 87.3
    Papua New Guinea 43 1.0
    South Africa 26 0.6
    United Kingdom 296 6.7
    Other 68 1.5
    Others 128 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.7
    Christianity 3464 80.5
    Islam 21 0.5
    Other Religious Groups 14 0.3
    No Religion 767 17.8
    Others 8 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 116 8.5
    $1,250-$1,499 114 8.3
    $1,500-$1,999 202 14.7
    $2,000-$2,499 140 10.2
    $2,500-$2,999 135 9.8
    Others 665 48.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1438 42.5
    Not in the labour force 1023 30.3
    Employed, worked part-time 673 19.9
    Employed, away from work 162 4.8
    Unemployed, looking for work 85 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 295 13.0
    Professionals 415 18.3
    Technicians & trades workers 372 16.4
    Community & personal service workers 243 10.7
    Clerical & administrative workers 369 16.3
    Others 575 25.3
    Occupation
    Census Count Percent(%)
    Pre-school 114 9.4
    Infants/Primary 470 38.7
    Secondary 358 29.5
    Technical or Further Educational Institution 121 10.0
    University or other Tertiary Institutions 124 10.2
    Others 26 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4105 94.4
    Semi-detached, row or terrace house, townhouse 134 3.1
    Flat, unit or apartment 89 2.0
    House or flat attached to a shop, office 19 0.4
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 734 48.8
    Fully owned 444 29.5
    Rented 319 21.2
    Other tenure type 7 0.5
    Tenure Type
Census 2011, ABS
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