Suburb Profile Report for Nyah West VIC (3595)

Nyah West House: Median price $92,500, Annual capital growth 0.03%, Number of sales 10, Weekly median advertised rent N/A

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

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

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Property value increases in Nyah West have tracked lower than the VIC average of -0.15% over the last 12 months.

Across a shorter period, Nyah West, 3595 has seen a median price increase of -31.48% over the last quarter.

Information supplied by:


February 2019

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Growth potential in the housing market

Postcode: 3595

Median house price: $137,000

Three-year growth: -4.0%

Rental yield: 8.7%

Formed with the extension of Swan Hill’s railway line past the suburb of Nyah in 1915, Nyah West is a small suburb that serves as a business and commercial centre focusing on wine, dried fruit, vegetables and wool – industries it shares with Nyah.

Nyah West is showing promise in terms of growth – prices increased by 2.6% in the 12 months to November 2018. This brings the median value of the house market to $137,000 –the remarkable affordability of this suburb is likely to draw interest, along with the incredible 8.7% return investors can get off an average rent of $230 per week.

Nyah West places a lot of value on recreation. A swimming pool is nearby, along with a boat ramp and facilities for sports like tennis, football and cricket. Nyah West itself has a golf course.

Metrics i HOUSE UNIT
$92,500 N/A
-31.48% N/A
-32.48% N/A
0.03% N/A
N/A N/A
10 N/A
N/A N/A
N/A N/A

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

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 683
Median household income ($/weekly) 689
Median age of persons 44
Median housing loan repayment ($/monthly) 698
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 89 13.0
    35-44 years 69 10.1
    45-54 years 99 14.5
    55-64 years 80 11.7
    65-74 years 80 11.7
    Others 266 38.9
    Age Group
    Census Count Percent(%)
    Not Married 218 46.7
    Registered Married 209 44.8
    Defacto Relationship 40 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 602 92.0
    Japan 6 0.9
    Papua New Guinea 11 1.7
    United Kingdom 11 1.7
    Other 9 1.4
    Others 15 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 427 67.9
    No Religion 192 30.5
    Buddhism 7 1.1
    Other Religious Groups 3 0.5
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 28 12.5
    $400-$599 46 20.5
    $600-$799 38 17.0
    $800-$999 21 9.4
    $1,000-$1,249 21 9.4
    Others 70 31.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 260 49.9
    Employed, worked full-time 150 28.8
    Employed, worked part-time 65 12.5
    Employed, away from work 25 4.8
    Unemployed, looking for work 21 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 44 18.6
    Technicians & trades workers 46 19.4
    Sales 26 11.0
    Machinery operators & drivers 23 9.7
    Labourers 44 18.6
    Others 54 22.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 56 43.1
    Secondary 46 35.4
    Technical or Further Educational Institution 15 11.5
    Pre-school 10 7.7
    University or other Tertiary Institutions 3 2.3
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 583 94.0
    House or flat attached to a shop, office 23 3.7
    Flat, unit or apartment 11 1.8
    Caravan, cabin, houseboat 3 0.5
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 94 39.8
    Fully owned 89 37.7
    Rented 50 21.2
    Other tenure type 3 1.3
    Tenure Type
Census 2011, ABS
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