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Candelo, NSW 2550

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 Candelo, NSW 2550 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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Yield 

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Buy 

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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 “Candelo, NSW 2550”

  1. The total adult population (15 years or older) of Candelo 2550 NSW is 645, with a median age of 46. Of those, 46.05% are married, 14.88% are divorced or separated, 34.57% are single and 5.74% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,176. The median monthly mortgage repayment for households in this suburb is $1,200 which is 19.43% of their earnings.

    Source: ABS Census Data (2021)

  2. Housed in the heart of New South Wales, the quaint suburb of CANDELO, 2550, is home to an estimated 371 households. As of Q3 2023, the local property market presents an enticing opportunity for potential buyers and investors. Houses in the area typically trade hands for around $747,099, while the median weekly rent stands at $423. This offers an indicative yield slightly below the preferred benchmark at 2.94%.

    With an IRSAD score of 969 out of 1217, CANDELO boasts a population enjoying a generally favourable socio-economic standing. Investors should note that the socio-economic infrastructure plays an integral part in the potential for returns on investment.

    A closer look at the tenancy demographics in CANDELO will reveal that the renter to owner ratio sits at a promising 13%, a green signal for investors, as markets oversaturated with rental properties can deliver lower returns over time.

    Moreover, residential stock in the suburb shows no tendency of oversaturation by units, with the unit to house ratio standing at 0%. As we have touched upon earlier, the lower the proportion of units in relation to houses, the less competition among landlords for tenants, facilitating healthier rental yields.

    On the affordability front, the affordability index for CANDELO might be a sticking point for some, reporting at 47 years. This might indicate a longer than typical time to fully own a property in this market, posing a potential challenge for some investors.

    The analysis of the supply metrics for CANDELO reveals a relatively stable market. The stock on the market percentage for houses is recorded at 0.27%, indicating a beautifully balanced property market. The inventory level for the market enforces this view, at an ideal low mark of 1.71 months. The building approvals Ratio presents a flat 0.0%, hinting no undue pressure on housing availability due to new constructions.

    Speaking about demand in the property market, the days on market metric for houses is an impressive 9, indicating a fast-selling market. The Vacancy Rate, considering both houses and units, is a comfortable 2.13%, in the neutral range. The Buy Search Index, a yardstick for market interest, clocks in at 5 – on par with the state average.

    In conclusion, good socio-economic indicators, a favourable tenancy scenario, and balanced supply-demand dynamics make CANDELO an appealing prospect for property buyers and investors, despite its indicative yield lying slightly below the typical attractive level and a higher than average affordability index. Investors are reminded that Relative Composite Score (RCS) developed by HtAG Analytics could provide a more holistic view on a suburb, utilizing over 80 metrics, including the ones in this report and in the context of trends.

    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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