Fraud Blocker

Nimbin, NSW 2480

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 Nimbin, NSW 2480 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™

Sign up to see the score

Capital Growth RCS™

Sign up to see the score

Cashflow RCS™

Sign up to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Nimbin, NSW 2480”

  1. The total adult population (15 years or older) of Nimbin 2480 NSW is 1,373, with a median age of 50. Of those, 25.93% are married, 22.80% are divorced or separated, 45.45% are single and 4.73% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $4,812. The median monthly mortgage repayment for households in this suburb is $1,199 which is 24.92% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in New South Wales, the suburb of Nimbin 2480 is home to approximately 1019 households. As of the third quarter of 2023, the typical price for houses in this charming suburb stands at $544,414 with an attractive median weekly rent of $504. This produces an impressive indicative yield of 4.81%, well above the 3% threshold; a figure likely to appeal to cash flow-focused property investors.

    Digging deeper into the socio-economic structure of the suburb, the IRSAD score for Nimbin stands at 883 out of a possible 1217, indicating a relatively strong socio-economic status for the area. Further enhancing its investment potential, Nimbin features a low renter to owner ratio at just 18%; this is well below the 30% threshold signalling a market that isn’t oversaturated with rentals. In fact, the units to houses ratio sits at a slim 3%, indicating the presence of fewer units, implying less competition amongst landlords for tenants, and potential longevity in tenancy periods due to the suburb predominantly attracting families.

    However, potential investors should take note of the affordability index for houses which stands at 44 years. This figure, slightly above the average, is indicative of decreased affordability in the area.

    From a supply perspective, the stock on the market percentage for houses is at a favourable 0.12%, indicative of a relatively low supply. This coupled with an inventory level of just 1.0 months, suggests the property market in Nimbin is highly absorbent of new listings. Houses in Nimbin are not staying on the market for an extended period, with an average of 45 days on market. Yet, this lies slightly above the high demand indicator of 35 days but well below low demand value, showing a relatively neutral and balanced market demand.

    Emphasising this balance, the vacancy rate, which combines both houses and units, sits at a neutral 1.62%, providing neither a high nor low-demand indication. Lastly, the buy search index for houses is on the neutral level, scoring a 3, not indicating any limitation in demand or surges in interest.

    While some parameters lean towards an affordable, cashflow-positive and low competition market, the slightly prolonged affordability index and neutral demand indicators emphasise the need for meticulous analysis to strike the right investment deals. Examining these factors collectively while tracking market trends visualised on the dashboard would be key to making beneficial property investment decisions in Nimbin 2480, NSW.

    Lastly, it’s worth mentioning that tools like the Relative Composite Score (RCS) metric developed by HtAG Analytics can automate much of the research work, by measuring over 80 different metrics and providing an integrated understanding of the market.

    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.

Leave a comment