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Annandale, NSW 2038

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 Annandale, NSW 2038 located in Sydney 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 “Annandale, NSW 2038”

  1. The total adult population (15 years or older) of Annandale 2038 NSW is 7,967, with a median age of 38. Of those, 38.84% are married, 10.68% are divorced or separated, 48.02% are single and 2.55% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $15,620. The median monthly mortgage repayment for households in this suburb is $3,467 which is 22.20% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of Annandale, 2038, houses approximately 5,102 households, shaping itself as a point of interest for property investors and potential homeowners alike. As we delve into the Q3 2023 property market statistics for houses in Annandale, a comprehensive picture begins to take shape.

    Typically, house prices in this suburb stand at $1,946,197 with a median weekly rent of $1,037. These figures hint at an indicative yield of 2.77%, which falls slightly short of the minimum attractive market requirement of 3% for cash-flow centric property investors.

    While that may somewhat limit its charm, the suburb boasts a strong IRSAD score of 1159 out of a possible 1217 indicating a well-off socio-economic status of the population in the area. However, it’s worth noting the relatively high renter to owner ratio at 42%, suggesting a market that leans towards higher renters’ concentration which may not be favourable for all investors.

    In terms of dwelling configuration, Annandale enjoys a low units to houses ratio at 20% offering an appealing market environment with less rental competition among landlords as there are fewer units. This situation is likely to attract stable, family-oriented tenants leading to more extended tenancy periods.

    However, the suburb’s affordability index is considerably high at 49 years, indicating a lower affordability bracket, a factor that can make it less desirable for potential homeowners.

    On the supply side, Annandale displays favourable metrics. The stock on market Percentage for houses lies at a low 0.13%, and the inventory level for houses is 0.64 months. Both these figures indicate a tight supply which can induce price growth due to increased competition among buyers. Moreover, the building approvals Ratio for houses is a low 0.05%, which translates to reduced likelihood of potential oversupply in the future.

    Demand metrics offer another positive angle with the days on market for houses being 19, indicative of high demand. The vacancy rate combined for houses and units is modest at 1.88%, supporting a healthy demand situation. The buy search index for houses rounds off at 5, keeping it neutral and showing neither a spike nor a drop in buyer interest.

    In summary, while Annandale presents some challenges including a lower yield and lengthy affordability index, its strong socio-economic score, favourable supply-demand situation and stable buy interest might make it an interesting prospect for discerning investors. Lastly, it’s crucial to keep in mind the RCS (Relative Composite Score) developed by HtAG Analytics that can automate the above research using over 80 metrics and provide a more comprehensive view.

    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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