AREA REPORTS

Mcmahons Point

NSW/
Mcmahons point

Suburb Profile

Mcmahons Point - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2060

house
unit

Based on its average 5-year and quarterly capital gains MCMAHONS POINT, 2060 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MCMAHONS POINT, 2060 obtained a 14.75% growth over a ten-year period. It ranks 2983rd on our list of suburbs that property investors should look into.

MCMAHONS POINT, 2060 in NSW belongs to the local government area of North Sydney.

MCMAHONS POINT, 2060 has a capital gain of 49.8% for the past year, which is higher than average compared to its 218.64% growth within a five-year period.

With the median home price in MCMAHONS POINT sitting at $4,700,000, and the average rent at $1172.5, property owners could potentially earn a 1.3% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MCMAHONS POINT are low, as opposed to average gains per annum over the past five years.

A 49.8% increase in median property prices in MCMAHONS POINT, 2060 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 2nd.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $4,700,000 $1,217,500
GROWTH REPORT
Median Quarterly 31.47% 5.87%
Median 12 month 49.8% -3.83%
Median 3 years 75.37% 35.65%
Median 5 years 218.64% 101.24%
10 years average annual 14.75% 8.83%
Weekly media advert. rent $1172.5 $700
Time on Market 0.0 days 42.2 days
Gross Rental Yield Percent 1.3% 2.99%
demographics (median values)
Total Population
2047
Weekly Household Income
1811
Household Size
1.80
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Renovation

‘Sexy’ reno options for cashed-up tenants

Renters's expectations evolve over time, and renovations for an investment property should work to create a higher asking price from potenti...

Suburbs

5,000-plus rise in homes up for auction last quarter

While Australia’s capital cities saw a continuation of softening in auction clearance rates over the December quarter, there was a conside...

Perth skyline

Infrastructure, retail spend tipped to boost west coast city

A rise in private spending in one recovering state for infrastructure and resource-related projects is likely to increase the attractiveness...

Carpenter building a roof of a house

Building boom creating cheaper buys, new report says

Australia’s capital cities experienced a rise in housing affordability over the last quarter of 2018, which one senior economist said is m...

Hobart Australia

3 property hotspots from 2018: will they do well in 2019?

Smart Property Investment’s Phil Tarrant and Sasha Karen, together with Momentum Media’s James Mitchell, look back on property hotspots ...

Adelaide

Property investment areas to watch and avoid in 2019

Based on her knowledge and experience as a property valuer, investment adviser, market commentator and author, one expert shares some of the...