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Middle Cove, NSW 2068

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 Middle Cove, NSW 2068 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

2BR

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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 “Middle Cove, NSW 2068”

  1. The total adult population (15 years or older) of Middle Cove 2068 NSW is 1,063, with a median age of 45. Of those, 61.15% are married, 7.34% are divorced or separated, 27.00% are single and 4.89% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $18,640. The median monthly mortgage repayment for households in this suburb is $4,000 which is 21.46% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in New South Wales, the suburb of Middle Cove 2068 boasts a small but vibrant community with an estimated 496 households. As we delve into Q3 of 2023, the property market indicators for Middle Cove prove enlightening for both seasoned and budding investors.

    Houses in Middle Cove are currently fetching an average price of $2,889,974, complemented by a median weekly rent of $1,698. With such figures at play, the indicative yield generated stands at an appealing 3.06%. This yield exceeds the minimum market requirement of 3%, showcasing Middle Cove’s potential as an attractive investment location for cash flow-centered property investors.

    The region displays strong socio-economic determinants, as manifested in the impressive IRSAD score of 1185 out of a possible 1217. This high score demonstrates the robust socio-economic status of the population in Middle Cove, indicative of ample access to economic resources along with a prevalence of high-income levels and skilled professions.

    The stable investment environment of Middle Cove is further reflected in the low renter to owner ratio of just 8%, a figure well below the preferred range of 30%. This suggests that the market is not saturated with rental properties and assures lower risk, optimal returns, and less competition for prospective investors.

    An interesting characteristic of Middle Cove is that it leans towards an extremely low units to houses ratio, standing at just 7%. This signifies that there is less competition among landlords for tenants, thereby assisting in maintaining high rental yields.

    However, underpinning the allure of Middle Cove is an affordability challenge. The years to own measure comes in at 61 years, exceeding the ideal range of under 31 years, indicating decreased affordability in the area and slightly dampening its appeal.

    Supply metrics for Middle Cove exhibit a favourable low supply, with a stock on market Percentage of just 0.42% and an inventory level of 1.09 months – both measures falling in the optimal range. building approvals Ratio too is established at 0.42%, indicating a balanced supply.

    Demand metrics in Middle Cove are promising, with a ‘Days on Market’ score for houses only 20 days – a further testament to high property demand in the area. Perhaps more importantly, the vacancy rate (combined for houses and units) is a favourable 1.34%, indicating strong rental demand and fewer rental properties going vacant. Similarly, a high ‘Buy Search Index’ value of 6 denotes high demand.

    To summarise, despite the high ‘Years to Own’, the majority of indicators point towards a robust property investment environment in Middle Cove 2068. Tracking market developments and understanding property data is key, and tools like the RCS by HtAG Analytics can be tremendously helpful in automating market research.

    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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