Suburb Profile Report for Mittagong NSW (2575)

Mittagong House: Median price $695,000, Annual capital growth 7.23%, Number of sales 101, Weekly median advertised rent $490

Mittagong Unit: Median price $620,000, Annual capital growth 19.69%, Number of sales 19, Weekly median advertised rent $360

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Giving property investors a an average capital gain of -2.35% for the last year, Mittagong, 2575 is the 2257th highest performer in Australia in this respect.

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

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.19% offered to property buyers. Sellers in Mittagong itself are offering an average vendor discount of -6.59% to real estate investors.

On average over the past year, suburb has had 8.42 sales per month, which equates to 101 per year.

The NSW suburb of Mittagong, 2575 is in the Wingecarribee (A) local government area.

Property investors who have had real estate in Mittagong, 2575 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -15.07%

Mittagong,2575 was ranked 1521 in Australia by increase in median property value over the quarter.

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

Metrics i HOUSE UNIT
$695,000 $620,000
3.21% -14.48%
-2.35% -15.07%
7.23% 19.69%
$490 $360
101 19
3.67% 3.02%
95.2727272727273 N/A

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 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 5720
Median household income ($/weekly) 942
Median age of persons 45
Median housing loan repayment ($/monthly) 1863
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 732 12.8
    35-44 years 646 11.3
    45-54 years 749 13.1
    55-64 years 817 14.3
    65-74 years 693 12.1
    Others 2085 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 2031 51.1
    Not Married 1626 40.9
    Defacto Relationship 321 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4535 83.4
    Greece 36 0.7
    Papua New Guinea 101 1.9
    United Kingdom 394 7.2
    Other 104 1.9
    Others 269 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 54 1.0
    Christianity 3971 76.2
    Hinduism 22 0.4
    Other Religious Groups 26 0.5
    No Religion 1115 21.4
    Others 26 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 180 9.4
    $400-$599 279 14.6
    $600-$799 224 11.7
    $800-$999 199 10.4
    $1,500-$1,999 219 11.4
    Others 813 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1959 44.6
    Employed, worked full-time 1317 30.0
    Employed, worked part-time 866 19.7
    Employed, away from work 133 3.0
    Unemployed, looking for work 117 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 286 12.4
    Professionals 537 23.2
    Technicians & trades workers 352 15.2
    Community & personal service workers 238 10.3
    Clerical & administrative workers 268 11.6
    Others 631 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 88 6.4
    Infants/Primary 416 30.4
    Secondary 563 41.1
    Technical or Further Educational Institution 125 9.1
    University or other Tertiary Institutions 150 11.0
    Others 27 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4612 92.3
    Semi-detached, row or terrace house, townhouse 198 4.0
    Flat, unit or apartment 120 2.4
    Caravan, cabin, houseboat 53 1.1
    House or flat attached to a shop, office 16 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 907 42.7
    Being purchased 618 29.1
    Rented 576 27.1
    Other tenure type 22 1.0
    Tenure Type
Census 2011, ABS
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