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Turrella
AREA REPORTS

Turrella

Turrella - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2205

house
unit

The NSW 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 $1,480,000

Profits averaged 4.79% per annum over a 3-year period, due to an upward trend in home prices in TURRELLA, 2205.

This means, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

The gross rental yield in TURRELLA, 2205 is 2.04%.

An average of 1 real estate transactions take place per month in TURRELLA which translates to 12 per annum.

Surburb overview

Turrella is a suburb in NSW that’s on the government’s list of high priority precincts for development. In a few years’ time, Turella will be the site of high-rise residential properties, lifestyle blocks and recreational spaces that will cater to its incoming residents. It is expected that about 30,000 homes will be added to Turella. Some industrial facilities are located at its periphery.  

Getting around Turrella

Turrella is just a stone's throw away from all the happenings in Newtown and is a 15-minute drive away from surrounding suburbs such as Arncliffe, Wolli Creek, and Bardwell Park. Turrella has an efficient transport link and its own train station and is accessible from major highways, situated 10 kilometres from Sydney Airport. 

Real estate activities

Home listings in Turrella include a mix of apartments or multi-family properties and homes. With construction for new developments staged to begin in the near future, Turrella is expected to become more expensive for buyers who want easy access to Sydney’s central business district. The current median price of homes in Turrella is $1 million, while units sell at $700,000. These prices reflect an over 50 per cent increase and 20 per cent increase over the past five years.

Data report can be found below

Turrella
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,480,000 $680,000
GROWTH REPORT
Median Quarterly N/A 1.12%
Median 12 month N/A 0.29%
Median 3 years 14.37% -4.9%
Median 5 years 46.53% -4.23%
10 years average annual 6.09% 2.08%
Weekly media advert. rent $580 $500
Time on Market 0.0 days 45.9 days
Gross Rental Yield Percent 2.04% 3.82%
demographics (median values)*
Total Population
19447
Weekly Household Income
1763
Household Size
2.70
Age
30
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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