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Prairiewood, NSW 2176

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 Prairiewood, NSW 2176 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 

2BR

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5BR

Rent 

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Yield 

2BR

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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 “Prairiewood, NSW 2176”

  1. The total adult population (15 years or older) of Prairiewood 2176 NSW is 2,891, with a median age of 43. Of those, 49.53% are married, 11.24% are divorced or separated, 33.00% are single and 6.12% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $6,248. The median monthly mortgage repayment for households in this suburb is $2,167 which is 34.68% of their earnings.

    Source: ABS Census Data (2021)

  2. Prairiewood, a suburb located in New South Wales, is a well-established residential area with approximately 1,135 households. In the third quarter of 2023, the typical price for a house in Prairiewood was set around $1,132,371. Meanwhile, the median weekly rent sat at $587, bringing the indicative yield to 2.7%. While this yield is slightly below the 3% mark that often draws cashflow-centric property investors, it’s important to note this yield can be complemented by capital growth, providing an attractive proposition for balanced investors with a long term horizon.

    Prairiewood boasts an impressive IRSAD score of 930 out of a possible 1,217. This score is indicative of its residents enjoying a strong socio-economic position, with decent access to economic resources, generally higher income levels, and a significant proportion involved in skilled professions.

    As for property ownership types in the area, the renter to owner ratio stands at 33%. While this is a tad above the favourable threshold of 30%, it remains well below the worrisome zone of a 45% or higher ratio. Over-saturation shouldn’t be an immediate concern for prospective investors.

    The units to houses ratio for Prairiewood is incredibly favourable as it stands at just 10%. This indicates that the suburb is predominantly characterised by houses, ensuring less rental competition among landlords and attracting longer-tenancy families.

    However, it’s important to pause and consider the affordability index for Prairiewood. Measuring at a hefty 71 years, this far exceeding 31-year threshold indicates decreased levels of affordability, inviting potential hesitation from prospective buyers.

    On the supply and demand front, favourable indicators shine on this NSW suburb. There’s a low stock on market Percentage for houses at only 0.24% and correspondingly, the inventory level stays favourable at 1.85 months – indicating a robust absorption rate in the market. The building approvals ratio is comfortably within the range at 1.34%, also signifying a balanced supply.

    Properties for sale in the suburb, on average, only stay on the market for 26 days, marking a high purchase demand. This demand for properties in the area is further reiterated by the extremely low combined vacancy rate of 0.53% and the neutral buy search index of 5, suggesting the demand is keeping up pace with the state average.

    While the high affordability index does raise a point of caution, on many fronts Prairiewood, 2176 presents itself as a favourable property market, especially owing to its strong demand indicators, sound socio-economic score, and a balanced renter to owner ratio. The Relative Composite Score reported by HtAG Analytics can serve as a comprehensive assessment for such markets, by considering over 80 metrics. Investors are advised to watch these trends keenly to make the ideal property investment decisions.

    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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