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Nimbin
AREA REPORTS

Nimbin

Nimbin - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2480

house

A steady increase in median property prices over a five-year period in the suburb translates to a 11.66% capital gain.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $450,000.

Profits due to an upward trend in home prices there averaged 3.89% per annum over a 3-year period.

Home owners selling their properties and realtors in NIMBIN usually have to wait an average of 126.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $405 mark, reflecting a 4.68% increase in returns based on the current median price in NIMBIN.

NIMBIN, 2480 places 996th in Australia based on median property value growth during the quarter.

Data report can be found below

Nimbin
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $450,000 N/A
GROWTH REPORT
Median Quarterly 1.35% N/A
Median 12 month -2.17% N/A
Median 3 years 11.66% N/A
Median 5 years 43.31% N/A
10 years average annual 5.37% N/A
Weekly media advert. rent $405 N/A
Time on Market 126.2 days N/A
Gross Rental Yield Percent 4.68% N/A
demographics (median values)*
Total Population
44599
Weekly Household Income
1069
Household Size
2.40
Age
43
Monthly Loan Repayment
1430
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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