Suburb Profile Report for Gulgong NSW (2852)

Gulgong House: Median price $328,500, Annual capital growth 4.87%, Number of sales 61, Weekly median advertised rent $330

  • 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.

  • Expert Report
  • House Report

Investment property in Gulgong has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.28%

Across a shorter period, Gulgong, 2852 has seen a median price increase of 4.62% over the last quarter.

Property investors looking for a bargain in Gulgong should be aiming for at least -4.91% off the asking price, which is the average vendor discount being achieved at the moment.

Information supplied by:




M
O

W
E

Gulgong, NSW – Explore a historic gem

Postcode: 2852

Median house price: $315,000

Three-year growth: 5%

Rental yield: 5%

Established during the gold rush in the 19th century, the Central Tablelands suburb of Gulgong is a must-see for those who love their history.

This artsy pocket has retained its historic structures, ensuring that its nostalgic charm remains. The Prince of Wales Opera House in particular has quite a tale of survival. The Gulgong Pioneer Museum has even recreated old-world life on a ‘street’ on the site.

Other industries in this suburb include the production of wool, wine and wheat. It also has a strong inclination towards the arts, and several quality primary schools.

Metrics i HOUSE UNIT
$328,500 N/A
4.62% N/A
16.28% N/A
4.87% N/A
$330 N/A
61 N/A
5.22% N/A
130.72972972973 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 : Balanced (H), Balanced (U)
Find a mortgage broker in Gulgong NSW
Demographics
Total population 2382
Median household income ($/weekly) 902
Median age of persons 39
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 339 14.2
    25-34 years 253 10.6
    35-44 years 287 12.0
    45-54 years 292 12.3
    55-64 years 330 13.8
    Others 882 37.0
    Age Group
    Census Count Percent(%)
    Registered Married 823 49.1
    Not Married 667 39.8
    Defacto Relationship 187 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2078 92.6
    Papua New Guinea 18 0.8
    Philippines 13 0.6
    United Kingdom 67 3.0
    Other 11 0.5
    Others 56 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 13 0.6
    Christianity 1815 83.4
    Hinduism 8 0.4
    Islam 3 0.1
    No Religion 335 15.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 100 12.7
    $400-$599 115 14.6
    $600-$799 74 9.4
    $800-$999 78 9.9
    $1,500-$1,999 82 10.4
    Others 336 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 723 41.2
    Employed, worked full-time 584 33.3
    Employed, worked part-time 312 17.8
    Employed, away from work 69 3.9
    Unemployed, looking for work 67 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 95 9.8
    Professionals 97 10.1
    Technicians & trades workers 177 18.3
    Machinery operators & drivers 165 17.1
    Labourers 141 14.6
    Others 290 30.1
    Occupation
    Census Count Percent(%)
    Pre-school 60 11.9
    Infants/Primary 200 39.8
    Secondary 152 30.2
    Technical or Further Educational Institution 59 11.7
    University or other Tertiary Institutions 26 5.2
    Others 6 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2109 96.1
    Flat, unit or apartment 61 2.8
    Caravan, cabin, houseboat 15 0.7
    House or flat attached to a shop, office 5 0.2
    Semi-detached, row or terrace house, townhouse 4 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 356 40.5
    Being purchased 263 30.0
    Rented 259 29.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table