Suburb Profile Report for Schofields NSW (2762)

Schofields House: Median price $755,251, Annual capital growth 7.04%, Number of sales 431, Weekly median advertised rent $560

Schofields Unit: Median price $650,000, Annual capital growth 3.00%, Number of sales 206, Weekly median advertised rent $500

  • 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

Giving property investors a an unimpressive capital gain of -4.94% for the last year, Schofields, 2762 is the 3179th highest performer in Australia in this respect.

A 57.34% growth in median value for property investors in Schofields,2762 puts this suburb at number 636th in terms of best performing suburbs in NSW

Property buyers and investors in Schofields 2762 should be seeing an average reduction in asking price of around -6.25% . This means that Schofields is holding prices well when compared to other suburbs in NSW.

Over the last year, property investments in Schofields, 2762 have given investors a capital gain of 8.33%. This compares very favourably with the -0.92% for NSW as a whole.

While Schofields,2762 ranked number 34th in NSW for increase in median house value (annualised) increase, it is ranked 376th over the last 5 years.

Property buyers and investors in Schofields 2762 should be seeing an average reduction in asking price of around -3.22% . This means that Schofields is holding prices well when compared to other suburbs in NSW.

Residents and property investors in Schofields have been waiting around 50.3947 days to sell a property.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 3.00%, investors should hope to achieve an overall return of 4.00%

Metrics i HOUSE UNIT
$755,251 $650,000
1.38% 8.33%
-4.94% 8.33%
7.04% 3.00%
$560 $500
431 206
3.86% 4.00%
63.6946902654867 50.3947368421053

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), Above average (U)
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Demographics
Total population 3812
Median household income ($/weekly) 1454
Median age of persons 35
Median housing loan repayment ($/monthly) 2159
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 567 14.9
    25-34 years 536 14.1
    35-44 years 542 14.2
    45-54 years 553 14.5
    55-64 years 422 11.1
    Others 1193 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 1440 51.3
    Not Married 1148 40.9
    Defacto Relationship 218 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2821 76.8
    Netherlands 173 4.7
    Papua New Guinea 58 1.6
    United Kingdom 129 3.5
    Other 122 3.3
    Others 368 10.0
    Country of Birth
    Census Count Percent(%)
    Christianity 2943 82.0
    Hinduism 49 1.4
    Islam 48 1.3
    Other Religious Groups 30 0.8
    No Religion 493 13.7
    Others 25 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 100 8.8
    $1,250-$1,499 97 8.5
    $1,500-$1,999 167 14.7
    $2,000-$2,499 140 12.3
    $2,500-$2,999 100 8.8
    Others 533 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1288 45.0
    Not in the labour force 813 28.4
    Employed, worked part-time 548 19.1
    Employed, away from work 131 4.6
    Unemployed, looking for work 84 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 239 12.2
    Professionals 293 14.9
    Technicians & trades workers 325 16.5
    Clerical & administrative workers 333 16.9
    Labourers 206 10.5
    Others 570 29.0
    Occupation
    Census Count Percent(%)
    Pre-school 73 7.6
    Infants/Primary 361 37.8
    Secondary 291 30.5
    Technical or Further Educational Institution 81 8.5
    University or other Tertiary Institutions 130 13.6
    Others 19 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3548 96.5
    Semi-detached, row or terrace house, townhouse 114 3.1
    Flat, unit or apartment 10 0.3
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 475 38.5
    Fully owned 443 35.9
    Rented 312 25.3
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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