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Turvey Park, NSW 2650

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 Turvey Park, NSW 2650 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.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Turvey Park, NSW 2650”

  1. The total adult population (15 years or older) of Turvey Park 2650 NSW is 2,870, with a median age of 35. Of those, 44.56% are married, 11.46% are divorced or separated, 39.44% are single and 4.56% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,864. The median monthly mortgage repayment for households in this suburb is $1,517 which is 17.11% of their earnings.

    Source: ABS Census Data (2021)

  2. Turvey Park, a leafy suburb nested in NSW with an estimated 1640 households, boasts attractive property market statistics as of Q3 2023. The typical prices for houses in the area are positioned at $686,679, with a median weekly rent at $522 producing an attractive indicative yield of 3.95% for property investors focusing on cashflow.

    The socio-economic context of Turvey Park, as reflected in the IRSAD score of 1004 out of 1217, indicates a socio-economic status higher than many parts of Australia, offering an environment of substantial economic resources and a notable level of income. This factor can impact the property market positively, enhancing the desirability and correspondingly, the value of properties within the suburb.

    The renter to owner ratio in Turvey Park is 28% – a favourable aspect indicating that the market isn’t overly saturated with rental properties. It ensures less competition among property investors for tenants and long-term return stability. Also, Turvey Park offers a prime market for those looking at family-oriented neighbourhoods, evident in the meagre units to houses ratio which stands at 4%.

    The affordability index for houses estimates a 30-year ownership duration, which sits within the acceptable range – this suggests a balance in the property market which is beneficial for both property investors and homebuyers.

    From a supply perspective, Turvey Park exhibits positively low supply indicators. The stock on the market percentage for houses is a mere 0.06% and the inventory level maintains at a low 0.25 months. This implies a low supply and can push prices up due to increased competition for available properties. The building approvals ratio for houses is conservative at 0.5%, indicative of a slow growth in supply which is beneficial for property valuations.

    In terms of property market demand, houses remain a hot market in Turvey Park with an average of only 21 days on the market. With a vacancy rate of 1.88% for both houses and units, it indicates a healthy demand, another positive sign for investors, despite a moderate buy search index for houses at 3.

    Altogether, Turvey Park’s property market infers a favourable investment environment for property investors. However, property investment decisions should always incorporate a multi-perspective approach considering various data points and trends for well-grounded decision-making. Bear in mind that the RCS (Relative Composite Score) metric by HtAG Analytics, derived from over 80 metrics, can offer a thorough automated research for refined property investment insights.

    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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