Avalon

POSTAL CODE: NSW, 2107

HOUSE

UNIT

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

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,700,000.

The downward trend in home prices in AVALON, 2107 averaged -0.12% per annum over a 3-year period.

Average weekly rents on listings have reached the $1250 mark, reflecting a 2.41% increase in returns based on the current median price in AVALON.

An average of 12.67 real estate transactions take place per month in AVALON which translates to 152 per annum.

152 properties were sold in AVALON in 2016, making it the 1107th most active market in NSW based on total real estate transactions.

AVALON, 2107 places 1261st in Australia based on median property value growth during the quarter.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,195,000.

Average median unit prices in NSW have risen as a whole, pulling AVALON, 2107 values up and netting property investors a capital gain of 2.22% for the past year.

Investors saw the median home price rise to $1,195,000.

The upward trend in home prices in AVALON, 2107 averaged 1.01% per annum over a 3-year period.

AVALON now ranks at the 213th place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In AVALON, homes and units usually stay on listing for an average of 82.5 days.

45 properties were sold in AVALON in 2016, making it the 158th most active market in NSW based on total real estate transactions.

Surburb overview

Avalon Beach, situated in postcode 2107 on Sydney’s Northern Beaches, lies approximately 34 kilometres north of the Sydney CBD. The suburb is accessible via direct bus services, including the 190x express route to Wynyard Station, with a journey time of about 1 hour and 7 minutes.

According to the 2021 Census, Avalon Beach had a population of 10,379 residents. The demographic profile indicates that 94.4% of residents have never served in the Australian Defence Force, with 1.8% having previously served. The median age is 46 years, reflecting a mature community.

Buses primarily serve public transportation in Avalon Beach. Routes such as the 190x and 199 provide regular connections to the Sydney CBD and surrounding areas. The suburb lacks a train station, but its bus network offers reliable access to key destinations.

Essential establishments in Avalon Beach include Avalon Public School, located on Old Barrenjoey Road. Healthcare services are readily available in nearby suburbs, and the area boasts a diverse range of retail outlets, cafes, and restaurants. Notable dining options include a range of local eateries situated within Avalon Village.

Avalon Beach offers recreational activities centred around its coastal location. The beach is known for its diverse surf breaks, catering to all skill levels, and features a 25-metre ocean rock pool at its southern end. The area also offers scenic walking areas, such as Gunyah Place Reserve, providing opportunities for outdoor enthusiasts.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,700,000	$1,195,000
Growth Report
Median Quarterly	-5.92%	2.22%
Median 12 month	-8.47%	2.22%
Median 3 years	-0.37%	3.02%
Median 5 years	17.39%	29.89%
10 years average annual	7.51%	6.66%
Weekly media advert. rent	$1,250	$750
Time on Market	90.4 days	82.5 days
Gross Rental Yield Percent	2.41%	3.26%

Demographics (Median Values)*

Total Population 14669

Weekly Household Income 2250

Household Size 2.80

Average Age 45

Monthly Loan Repayment 3000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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