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North Turramurra, NSW 2074

Home » NSW Real Estate Data » Ku-Ring-Gai Council, NSW » North Turramurra, NSW 2074

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 North Turramurra, NSW 2074 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 

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5BR

Rent 

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5BR

Yield 

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4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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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 “North Turramurra, NSW 2074”

  1. The total adult population (15 years or older) of North Turramurra 2074 NSW is 3,602, with a median age of 56. Of those, 57.52% are married, 6.83% are divorced or separated, 19.85% are single and 15.91% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $12,356. The median monthly mortgage repayment for households in this suburb is $3,629 which is 29.37% of their earnings.

    Source: ABS Census Data (2021)

  2. The leafy suburb of North Turramurra, postcode 2074, nestled within the bounds of New South Wales, is home to approximately 1887 households. With a charming blend of both convenience and character, this suburb is a potential hotspot for property investors looking for steady yields.

    As we delve into the Q3 2023 property statistics, we find that the median house price in North Turramurra stands at a robust AUD 2,659,548 with median weekly rents at AUD 965. This renders an indicative yield of 1.89%, slightly below the minimum attractive market requirement for cashflow-centred investors.

    Socially and economically, North Turramurra shows impressive promise seen through its high IRSAD score of 1147 out of a possible 1217, indicating prosperity among the local populace and a comfortable lifestyle.

    The renter to owner ratio in the area is fairly low at 7%, demonstrating a predominantly owner-occupier market resulting in higher property stability and perhaps more family-oriented residents. The units to houses ratio skates at a favourable 25%, indicating a suburb that’s more attractive to families looking for spacious homes as opposed to smaller units.

    However, the affordability index rings in at 84 years, indicating an extended period to own a property outright, thus amping up its exclusivity and classifying it as a high-end market.

    North Turramurra’s property landscape boasts of low supply with a stock on market Percentage for houses at a meagre 0.08% and an inventory level at 0.22 months. The building approvals rate stands at 2.96%, slightly above the favourable level, suggesting there could be incoming supply to watch for.

    Fast-moving property is evident in North Turramurra with the average number of days on market for houses resting at just 19 days, indicating strong demand. The vacancy rate for both houses and units is extremely low at 0.8%, implying a tight rental market. The buy search index scores a neutral 5, indicating an average level of buyer interest compared to the state average.

    Whilst North Turramurra may present a higher barrier to entry compared to other suburbs due to its price point, the indicators suggest a stable and high-demand property market. It is important to observe the trends and broader market environment consistently. This can be expedited using HtAG Analytics’ cutting-edge RCS metric, that automates and simplifies the analysis process using over 80 metrics.

    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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