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Skennars Head, NSW 2478

Home » NSW Real Estate Data » Ballina Shire Council, NSW » Skennars Head, NSW 2478

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Skennars Head, NSW 2478 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Skennars Head, NSW 2478”

  1. The total adult population (15 years or older) of Skennars Head 2478 NSW is 1,062, with a median age of 47. Of those, 52.92% are married, 14.88% are divorced or separated, 27.59% are single and 4.71% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,700. The median monthly mortgage repayment for households in this suburb is $2,297 which is 26.40% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Skennars Head, postcode 2478, situated in NSW, consists of an estimated 785 households. As we approach Q3 of 2023, property market statistics reveal intriguing insights for property investors and buyers agents interested in this area.

    House prices in Skennars Head are presently averaging figures of $1,277,708, a value point that should be considered when strategising for property investment in this suburb. The median weekly rent for houses stands at $866, culminating in an indicative yield of 3.52%. This yield surpasses the minimum market requirement of 3% for property investors who are focused on cash flow.

    In terms of social demographics, this suburb has an IRSAD score of 1040 out of 1217, positioning it in the higher bracket of socio-economic conditions. This status often leads to increased appeal for potential renters due to the quality living conditions and amenities associated with high IRSAD scores.

    Furthermore, the renter to owner ratio is at 16%, well within the favourable range of 30% and below. This suggests less competition among landlords for tenants and can help maintain higher rental yields. The units to houses ratio stands at an impressive low 3%, which adds value to the suburb by attracting more families likely to have longer tenancy periods.

    Despite these favourable conditions, investors must note the Affordability Index, which suggests that it would take a hefty 58 years, on average, to fully own property in this area. This index exceeds the 31 years threshold and could indicate a lack of affordability for potential homeowners in the area.

    The exceptional stock on market Percentage for houses is 0.15%, well below the 0.4% threshold which reflects favourably on property availability. Similarly, the inventory level for houses at a mere 0.75 months suggests a dynamic market with a quick turnover of properties. Also, the building approvals Ratio is 2.4% which indicates controlled growth and potential for continual uprise of new properties in the market.

    Yet, the property demand indicator, Days on Market, signifies a high-demand marketplace with houses being listed on average for only 19 days before notable interest or sale. However, potential investors should also consider the vacancy rate which stands at 5.6%, a figure beyond the 3.5% threshold, signifying low demand due to a surplus of available property units. Lastly, the buy search index for houses in Skennars Head is at an average value of 5, indicating a neutral demand within the market.

    While property market performance varies, the comprehensive data for Skennars Head paints a largely positive picture for potential investors interested in houses within this suburb. By using the RCS (Relative Composite Score) metric developed by HtAG Analytics, investors can effectively navigate through over 80 metrics and automate their research, ensuring considered and well-directed investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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