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Mcmahons Point
AREA REPORTS

Mcmahons Point

Mcmahons Point - 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 10.74% growth over a ten-year period. It ranks 3400th 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 (A).

MCMAHONS POINT, 2060 has a capital gain of -21.53% for the past year, which is lower than average compared to its 21.35% growth within a five-year period.

With the median home price in MCMAHONS POINT sitting at $3,197,500, and the average rent at $1050, property owners could potentially earn a 1.71% increase in gross rental yield.

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

Data report can be found below

Mcmahons Point
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $3,197,500 $1,115,000
GROWTH REPORT
Median Quarterly 20.77% 0.45%
Median 12 month -21.53% -10.8%
Median 3 years -12.1% -17.71%
Median 5 years 21.35% -0.45%
10 years average annual 10.74% 6.28%
Weekly media advert. rent $1050 $550
Time on Market 0.0 days 70.1 days
Gross Rental Yield Percent 1.71% 2.57%
demographics (median values)*
Total Population
13988
Weekly Household Income
2316
Household Size
2.00
Age
37
Monthly Loan Repayment
2574
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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