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Brightwaters, NSW 2264

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 Brightwaters, NSW 2264 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 “Brightwaters, NSW 2264”

  1. The total adult population (15 years or older) of Brightwaters 2264 NSW is 746, with a median age of 50. Of those, 52.68% are married, 12.06% are divorced or separated, 28.69% are single and 5.63% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,276. The median monthly mortgage repayment for households in this suburb is $2,000 which is 27.49% of their earnings.

    Source: ABS Census Data (2021)

  2. Brightwaters 2264, situated in NSW, is a flourishing community with an estimated total of 454 households. As we dive into the property market statistics for houses in this locality in Q3 of 2023, it becomes evident that the typical house prices stand at $1,189,164, while the median weekly rental costs reach a figure of $552. This scenario gives rise to an indicative yield of 2.41%, which, although slightly lower than the 3% benchmark preferred by cashflow-centred property investors, still presents an insight into the market’s performance.

    Shining a light on the socio-economic aspects, Brightwaters commands an impressive IRSAD ranking of 993 out of 1217, reflecting the favourable socio-economic conditions of the suburb’s residents. This above-average score often signifies access to economic resources, high income levels and a large portion of residents in skilled professions. Another critical metric, the renter to owner ratio, is a favourable 20%, considerably lower than the 30% threshold, thus indicating a lower risk market with less competition among landlords for tenants.

    The unit to house ratio in Brightwaters is an astounding 0%, demonstrating a total dominance of houses in the market and thus providing landlords with less competition for tenants and longer tenancy periods. However, with an affordability index sitting at 64 years, it implies that the area is less affordable for buyers, with a timeframe exceeding the standard 30-year mortgage to fully own a property.

    Examining the supply metrics, the stock on market Percentage for houses is a mere 0.22% indicating a low supply favourable for investors. However, the inventory level at 12 months potentially hints that the market may be somewhat slow in absorbing new listings. The building approvals Ratio stands at 1.3%, which may signify the presence of an increased supply of new houses in the suburb.

    On the demand side, properties in Brightwaters spend an average of 57 days on the market. This longer duration, although higher than the 35-day ideal, doesn’t necessarily point to meagre demand. It might indicate that it’s a neutral market with balanced supply and demand. Meanwhile, the high vacancy rate of 5.43% may signify a lower demand due to a slightly saturated rental market. The buy search index for houses sits right at the middle at 5, signifying average online interest from the buying perspective.

    While these statistics present a balanced mix of pros and cons, keep in mind that trends play an essential role in determining the future prospects of investment. It’s okay to have some metrics in unfavourable ranges if the majority of other metrics are favourable. Also, consider leveraging tools like the Relative Composite Score metric developed by HtAG Analytics to automate your market research.

    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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