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Casuarina, NSW 2487

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 Casuarina, NSW 2487 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

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5BR

Rent 

2BR

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

1BR

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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 “Casuarina, NSW 2487”

  1. The total adult population (15 years or older) of Casuarina 2487 NSW is 2,455, with a median age of 41. Of those, 59.02% are married, 11.73% are divorced or separated, 27.09% are single and 2.28% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $10,204. The median monthly mortgage repayment for households in this suburb is $2,500 which is 24.50% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of Casuarina 2487 is home to approximately 1729 households. As we continue through Q3 of 2023, data illustrates that the usual house price within the area stands quite high at $2,129,144. Concurrently, its median weekly rent for houses comes to $1264. By taking these into consideration, it produces an indicative yield of 3.09%, just over the investment threshold.

    As a key factor, the area’s socio-economic score based on IRSAD is a promising 1092 out of 1217, indicating a suburb of relative affluence and heightened economic access. The suburb also boasts a favourable renter to owner ratio of 22%, a sign of a balanced market, which is not overly saturated with rental properties. Further bolstering this balance is the units to houses ratio, standing at 42%, indicating a healthy mix of property types to appeal to a range of buyers and tenants, without leading to oversupply or competition amongst landlords.

    However, Casuarina’s affordability index presents a challenge, as it comes in at 82 years — well above the favourable threshold. This shows that fully owning a property in this area, even with a 30-year mortgage, would require a longer time. Therefore, it signals that affordability in the area is quite low.

    Looking into supply metrics, the stock on market percentage for houses is mildly favourable, residing at 0.67%, and teeters in the neutral range. Supply is further signified by 1.2 months worth of inventory, indicating a desirable low supply market and a reasonable level of new property absorption. Correspondingly, the building approvals ratio for houses remains at a favourable low of 0.13%, suggesting a controlled influx of new residential stock into the market.

    Turning to demand metrics, the average number of days houses stay on the market comes in at a moderate 55 days — indicating a balanced level of demand. Nonetheless, a higher vacancy rate blends households at a significant 5.47%, which suggests that there could be reduced demand in the area. The buy search index reinforces this, residing on the average with a value of 5.

    While some elements of Casuarina’s property market present as challenging, the favourable mix of other factors, such as the favourable economic status of residents and balanced rental property saturation, demonstrate that there are enticing aspects for investment. It is, however, crucial to keep an eye on trends and be well informed of market changes for making advantageous real estate decisions.

    Remember, your real estate investment strategy should always consider the RCS (Relative Composite Score) metric developed by HtAG Analytics. This metric automates the analysis presented above, giving you a radical understanding of over 80 unique property 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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