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South Murwillumbah
AREA REPORTS

South Murwillumbah

South Murwillumbah - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2484

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Property investments in SOUTH MURWILLUMBAH fare well against the rest of the country last year, registering a median home price increase of 42.57%.

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

Based on its average 5-year and quarterly capital gains SOUTH MURWILLUMBAH, 2484 saw average growth in the long term.

Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 68.3 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $527,500.

SOUTH MURWILLUMBAH ranks 77th on the list of best yielding suburbs for rental properties in NSW, posting a 5.42% return.

Data report can be found below

South Murwillumbah
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $527,500 N/A
GROWTH REPORT
Median Quarterly -1.4% N/A
Median 12 month 42.57% N/A
Median 3 years 24.12% N/A
Median 5 years 46.53% N/A
10 years average annual 5.09% N/A
Weekly media advert. rent $550 N/A
Time on Market 68.3 days N/A
Gross Rental Yield Percent 5.42% N/A
demographics (median values)*
Total Population
18872
Weekly Household Income
1037
Household Size
2.50
Age
46
Monthly Loan Repayment
1600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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