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Evans Head, NSW 2473

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 Evans Head, NSW 2473 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 “Evans Head, NSW 2473”

  1. The total adult population (15 years or older) of Evans Head 2473 NSW is 2,484, with a median age of 52. Of those, 43.28% are married, 18.08% are divorced or separated, 30.52% are single and 8.25% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,820. The median monthly mortgage repayment for households in this suburb is $1,642 which is 28.21% of their earnings.

    Source: ABS Census Data (2021)

  2. The charming suburb of Evans Head, 2473, resting in the heart of NSW, boasts a community of around 1954 households. As we land in the third quarter of 2023, we delve into the fascinating property market statistics of this locale, revealing rich data for potential property investors and buyers.

    Standard property prices for houses in Evans Head are currently positioned at an attractive standing of $1,299,622. Coupled with a median weekly rent of $676, this yields an indicative return rate of 2.7%. Although this yield is a tad below the minimum 3% generally desired by cash-flow centred property investors, it is noteworthy for the potential it presents.

    Delving into the fundamental metrics, Evans Head prides an IRSAD score of 933 out of 1217, implying a relatively high socio-economic status within its populace. However, the renters to owners ratio reveals a slightly higher than preferred value standing at 37%; this presents a higher appeal to prospective tenants, albeit carrying increased risks for property investors due to potential competition and price fluctuations.

    The units-to-houses ratio demonstrates a highly advantageous position, at a low 30%, translating into intangible benefits such as reduced competition among landlords and potentially longer tenancy periods.

    However, a less favourable note to bear is the affordability index, pointing to a steep 87 years required to own the property fully.

    Moving onto supply metrics, currently, the stock on market Percentage for houses is at a favourable low of 0.16%, indicating low supply and the potential for higher demand. Similarly, the inventory level – a measure of market receptivity- portrays a positive picture at 0.77 months, suggesting a relatively quick absorption rate of new listings in the property market. The Building Approval Ratio, meanwhile, stays at a low 0.0%signalling limited new supply entering the market.

    On the demand front, the days on market for houses stands high at 228 days, suggesting a lower demand, a point that property investors may need to consider. However, vacancy rates, a measure of the proportion of unoccupied rental properties, are at an ideal 0.96%. This low-rate implies high demand due to limited supply, enabling landlords to potentially ask higher rents.

    Finally, the buy search index for houses, reflecting the online buying interest compared to the state average, stands at 4 – a modest score on the demand end.

    In totality, whilst there are areas for potential improvement in Evans Head 2473, there are also significant promising aspects, particularly on the supply side.
    Remember, a comprehensive understanding of all these facets, including an eye for trends, is crucial in making informed property investment decisions. One such tool to aid decision-making is the Relative Composite Score (RCS) developed by HtAG Analytics, automating research by utilising 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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