Suburb Profile Report for Tolland NSW (2650)

Tolland House: Median price $267,500, Annual capital growth 1.68%, Number of sales 50, Weekly median advertised rent $280

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

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

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NSW has seen average median house prices change by -4.21% which means that Tolland, 2650 has not done well for property investors by showing a capital gain of -6.14% over the last year

Comparing Tolland,2650 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Tolland 2650 should be seeing an average reduction in asking price of around -7.69% . This means that Tolland is holding prices well when compared to other suburbs in NSW.

Tolland, 2650’s gross rental yield is 5.44%

Information supplied by:


March 2019

M
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Riverina suburb offers high yields

Postcode: 2650

Median house price: $275,000

Three-year growth: 17.9%

Rental yield: 5.5%

Nestled within Wagga Wagga City in the Riverina region, Tolland is a small but well-serviced suburb. House prices are very low, coming in at a median of only $275,000. In addition, yields are favourable for landlords at 5.5%.

While the suburb has maintained an upward trend for the five years to December 2018, prices slipped by 1.8% in the December 2018 quarter. With the shadow of Sydney’s downturn hanging over the state as a whole, this could herald a turning point for Tolland.

Tolland Shopping Centre contains an IGA supermarket and dining options. The suburb is also home to Mount Austin High School and the Tolland Football Club. The Wagga Wagga CBD is only about 10 minutes’ drive north, and commuters can take the bus from Bruce Street and Berembee Street to reach the city.

Metrics i HOUSE UNIT
$267,500 N/A
-0.93% N/A
-6.14% N/A
1.68% N/A
$280 N/A
50 N/A
5.44% N/A
103.813953488372 N/A

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

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 3550
Median household income ($/weekly) 853
Median age of persons 34
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 489 13.8
    25-34 years 476 13.4
    35-44 years 412 11.6
    45-54 years 424 11.9
    55-64 years 425 12.0
    Others 1324 37.3
    Age Group
    Census Count Percent(%)
    Not Married 1226 48.0
    Registered Married 1058 41.4
    Defacto Relationship 271 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3068 91.1
    Croatia 36 1.1
    Papua New Guinea 20 0.6
    United Kingdom 47 1.4
    Other 107 3.2
    Others 90 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.5
    Christianity 2637 80.5
    Islam 25 0.8
    Other Religious Groups 22 0.7
    No Religion 565 17.2
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 126 10.2
    $400-$599 174 14.1
    $600-$799 169 13.7
    $1,000-$1,249 107 8.7
    $1,500-$1,999 129 10.4
    Others 531 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1016 38.7
    Employed, worked full-time 951 36.3
    Employed, worked part-time 425 16.2
    Unemployed, looking for work 134 5.1
    Employed, away from work 97 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 222 15.1
    Technicians & trades workers 263 17.9
    Community & personal service workers 172 11.7
    Clerical & administrative workers 175 11.9
    Labourers 207 14.1
    Others 429 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 73 8.4
    Infants/Primary 305 35.1
    Secondary 200 23.0
    Technical or Further Educational Institution 162 18.7
    University or other Tertiary Institutions 113 13.0
    Others 15 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3059 90.1
    Flat, unit or apartment 283 8.3
    Semi-detached, row or terrace house, townhouse 48 1.4
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 574 42.8
    Fully owned 398 29.7
    Being purchased 367 27.3
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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