Suburb Profile Report for Bligh Park NSW (2756)

Bligh Park House: Median price $655,000, Annual capital growth 6.62%, Number of sales 50, Weekly median advertised rent $440

Bligh Park Unit: Median price $511,500, Annual capital growth 6.20%, Number of sales 12, Weekly median advertised rent $410

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.

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Investment property in Bligh Park has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.68%

The five-year average increase in median property values for Bligh Park,2756 has given property investors a potential capital gain of 38.26% across each of those five years.

Property buyers and investors in Bligh Park 2756 should be seeing an average reduction in asking price of around -7.19% . This means that Bligh Park is holding prices well when compared to other suburbs in NSW.

Often selling an investment property can take time, and in Bligh Park the average time real estate has been on the market is 93.7907 days.

Investment property in Bligh Park has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.85%

Bligh Park,2756 has offered an average of -3.85% return per annum in house price rises to property investors over the last three years.

Bligh Park is 233th on a list of best yielding suburbs for rents in NSW with a 4.17% return

Information supplied by:

YIP MAG
May 2016

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W
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On the extreme northwest fringe of Sydney, Bligh Park still offers relative affordability for a house in the NSW capital, despite a strong run of price growth in recent years.

According to CoreLogic RP Data, the median house price in Bligh Park, which is around 50km from the Sydney CBD, sits at $590,000, after growing by 58% over the past five years.

Despite the solid price rises seen in the suburb, it is still offering solid rental returns, with houses providing landlords with yields of around 4%.

For those concerned about its distance from Central Sydney, the positive is that Bligh Park is close to amenities in suburbs such as Richmond and Windsor.

Western Sydney University’s Hawkesbury Campus is in Richmond, and there are a number of schools in both Bligh Park and Windsor.

There are easily accessible train stations in Windsor and Richmond, and the air force base in Richmond is important to the local economy.

Metrics	HOUSE	UNIT
Median price	$655,000	$511,500
Quarterly growth	-3.32%	-5.71%
12-month growth	-3.68%	-3.85%
Average Annual Growth	6.62%	6.20%
Weekly median advertised rent	$440	$410
Number of sales	50	12
Gross rental yield	3.49%	4.17%
Days on market	93.7906976744186	N/A

Your estimated repayment
$2,534.20/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Above average (H), Above average (U)

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Demographics

Total population	6493
Median household income ($/weekly)	1460
Median age of persons	28
Median housing loan repayment ($/monthly)	1954
Average household size	3

Census	Count	Percent(%)
0-4 years	631	9.7
5-14 years	1109	17.1
25-34 years	1091	16.8
35-44 years	923	14.2
45-54 years	885	13.6
Others	1854	28.6

Age Group

Census	Count	Percent(%)
Registered Married	2102	46.9
Not Married	1857	41.4
Defacto Relationship	525	11.7

Social Marital Status

Census	Count	Percent(%)
Australia	5609	89.4
Greece	22	0.4
Papua New Guinea	101	1.6
United Kingdom	267	4.3
Other	71	1.1
Others	206	3.3

Country of Birth

Census	Count	Percent(%)
Buddhism	32	0.5
Christianity	4987	81.6
Islam	18	0.3
Other Religious Groups	20	0.3
No Religion	1041	17.0
Others	15	0.2

Religious Affiliation

Census	Count	Percent(%)
$1,000-$1,249	224	11.6
$1,250-$1,499	203	10.5
$1,500-$1,999	336	17.4
$2,000-$2,499	270	14.0
$2,500-$2,999	178	9.2
Others	717	37.2

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	2270	49.2
Not in the labour force	1086	23.5
Employed, worked part-time	894	19.4
Employed, away from work	196	4.2
Unemployed, looking for work	172	3.7

Person Characteristics

Census	Count	Percent(%)
Professionals	447	13.3
Technicians & trades workers	607	18.1
Community & personal service workers	391	11.7
Clerical & administrative workers	584	17.4
Sales	332	9.9
Others	994	29.6

Occupation

Census	Count	Percent(%)
Pre-school	186	10.1
Infants/Primary	710	38.5
Secondary	563	30.5
Technical or Further Educational Institution	184	10.0
University or other Tertiary Institutions	159	8.6
Others	43	2.3

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	5350	85.0
Semi-detached, row or terrace house, townhouse	946	15.0
Flat, unit or apartment	0	0.0
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0