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South Turramurra, NSW 2074

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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 South 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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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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 “South Turramurra, NSW 2074”

  1. The total adult population (15 years or older) of South Turramurra 2074 NSW is 2,503, with a median age of 42. Of those, 63.04% are married, 5.79% are divorced or separated, 26.89% are single and 4.16% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $15,124. The median monthly mortgage repayment for households in this suburb is $3,500 which is 23.14% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in New South Wales, the suburb of South Turramurra is home to an estimated 1140 households. As we move into Q3 of 2023, the typical house prices in South Turramurra are hitting an average of $2,501,979. With a median weekly rent sitting at a substantial $1105, the area presents an indicative yield of 2.3%.

    In terms of socio-economic demographics, South Turramurra scores a high IRSAD index of 1173 out of 1217, indicating a prosperous population with potentially high earnings and access to significant resources. The renter to owner ratio in the suburb is a low 8%, emphasising an owner-occupied market which contributes to a family and community-oriented environment. In addition, South Turramurra’s units to houses ratio sit comfortably at 12%, ensuring a lower risk of rental oversupply and encouraging long-term tenancy potential.

    However, one significant deterrent for potential investors is the suburb’s affordability index, which comes in at 65 years, indicative of the area’s high property prices relative to median family income. On the other hand, the low stock on the market percentage for houses at 0.09% and the minimal inventory levels – resting at only 0.63 months current pace of sales – signal a restrained supply, potentially fostering competitive property prices.

    Further, the building approvals ratio for houses is 0.79%, which indicates a controlled level of development and avoids an influx of new housing stock that could distort market conditions. Another factor to consider is the longer days on market (DoM) for houses at 116 days. This indicates a somewhat slowed market, potentially reducing the speed of capital gains, though it doesn’t necessarily point to decreased demand.

    The overall vacancy rate, which includes both houses and units, is 3.26% – a figure in the neutral range, suggesting a balanced rental market. The suburb’s buy search index for houses stands at a medium value of 5, on par with the state average, demonstrating a moderate level of buyer demand.

    Looking at the big picture, the South Turramurra market may not meet the cashflow expectations of some property investors due to the high typical prices and associated affordability issues, longer DoM, and the below par indicative yield. However, the demand remains neutral, and majority supply related metrics present an attractive profile due to lack of oversupply. Investing in such markets might suit long-term investors focusing on capital gains rather than immediate cashflow and those who acknowledge the importance of socio-economic status and owner-occupied nature of the demographic.

    And as always, the market dynamics can change, so maintaining a watchful eye on market developments by checking the latest property market statistics is key to making successful investment decisions in real estate. For data-based decision making, HtAG Analytics’ Relative Composite Score (RCS) which combines over 80 metrics could be an insightful tool.

    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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