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Razorback, NSW 2571

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 Razorback, NSW 2571 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 “Razorback, NSW 2571”

  1. The total adult population (15 years or older) of Razorback 2571 NSW is 943, with a median age of 43. Of those, 58.01% are married, 8.27% are divorced or separated, 29.80% are single and 3.50% are widowed.

    The average household size is 3.3 people per dwelling, and the median household monthly income is estimated to be $10,884. The median monthly mortgage repayment for households in this suburb is $3,000 which is 27.56% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Razorback, postcode 2571, is nestled in the state of New South Wales and comprises roughly 416 households. As we venture into the third quarter of 2023, the typical price for houses in Razorback sits at a formidable $1,728,798 AUD. The median weekly rent comes in at $602, which, when juxtaposed against the typical price, generates an indicative yield of about 1.81%. It’s worth noting that this yield is below the attractive market requirement of 3% for cashflow-focused property investors.

    In terms of socio-economic health, Razorback notably racks up an IRSAD score of 1084 out of a total 1217, firmly positioning it in the upper echelons of the socio-economic tier set. This is indicative of strong access to economic resources, high-income levels, and the prevalence of skilled professions.

    Among its occupants, only 8% are renters – suggesting a very stable owner-occupied community, a trait that is considered favourable for potential investments. Speaking of investment potential, the unit to house ratio in Razorback is 0%, signalling a complete absence of units against houses. This imbalance heavily leans towards the favourable side of investment spectrum as it reduces competition among landlords for tenants, effectively maintaining potentially high rental yields.

    However, the suburb’s affordability index somewhat tempers the aforementioned positives, standing at a staggering 62 years. This rather high value reflects a decrease in the suburb’s property affordability. Concurrently, Razorback’s stock on market Percentage for houses is markedly low at 0.24%, indicative of a favourable low supply that could inadvertently drive property prices up.

    In terms of inventory, the level for houses registers at 2.0 months, suggesting a relatively favourable market absorption rate for new listings. However, the building approvals Ratio for houses is somewhat high at 7.45%, pointing to a surge in new dwelling stock market supply – a perspective that could be seen as less favourable for investors.

    With houses spending an average of 95 days on the market in Razorback, demand is apparently lower than desirable. Such a profile, coupled with a rather steep vacancy rate of 8.82% (signaling low demand), poses a potential challenge for prospective property investors.

    On an ending note, the buy search index for houses in Razorback shines through the adversities, registering at a high 8, reflecting a strong online interest in buying properties in the locale. Razorback certainly offers distinctive dynamics for property investors and purchasers, making comprehensive, trend-aware research a must for making robust investment decisions. The HtAG Analytics’ Relative Composite Score (RCS) metric can serve as a handy tool in this research pursuit, pooling over 80 metrics in their analysis.

    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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