Sussex Inlet

POSTAL CODE: NSW, 2540

HOUSE

UNIT

SUSSEX INLET, 2540 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling SUSSEX INLET, 2540 values up and netting property investors a capital gain of 4.02% for the past year.

Investors saw the median home price rise to $790,000.

Profits due to an upward trend in home prices in the suburb averaged 2.49% per annum over a 3-year period.

SUSSEX INLET now ranks at the 170th 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 SUSSEX INLET are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $578.5 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SUSSEX INLET, homes and units usually stay on listing for an average of 88.5 days.

In 2016, 112 properties were sold in SUSSEX INLET during the past year, making it the 1357th most active market in NSW based on total real estate transactions.

SUSSEX INLET ranks 149th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

SUSSEX INLET, 2540 has a capital gain of 3.9% for the past year, which is lower than average compared to its 82.62% growth within a five-year period.

With the median home price in SUSSEX INLET sitting at $620,000, and the average rent at $450, property owners could potentially earn a 3.77% increase in gross rental yield.

Property investors have seen a 1.97% gain in SUSSEX INLET based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that SUSSEX INLET, 2540 obtained a 14.38% growth over a ten-year period. It ranks 1519th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$790,000	$620,000
Growth Report
Median Quarterly	6.76%	1.97%
Median 12 month	4.02%	3.9%
Median 3 years	7.48%	4.2%
Median 5 years	49.91%	82.62%
10 years average annual	7.52%	14.38%
Weekly media advert. rent	$579	$450
Time on Market	88.5 days	48.1 days
Gross Rental Yield Percent	3.81%	3.77%

Demographics (Median Values)*

Total Population 45121

Weekly Household Income 1024

Household Size 2.40

Average Age 48

Monthly Loan Repayment 1517

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

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