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Black Head, NSW 2430

Home » NSW Real Estate Data » Mid-Coast Council, NSW » Black Head, NSW 2430

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 Black Head, NSW 2430 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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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 “Black Head, NSW 2430”

  1. The total adult population (15 years or older) of Black Head 2430 NSW is 883, with a median age of 65. Of those, 59.12% are married, 13.59% are divorced or separated, 16.76% are single and 10.08% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,428. The median monthly mortgage repayment for households in this suburb is $1,661 which is 30.60% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in New South Wales, the suburb of Black Head 2430 is home to just 673 households, showcasing its relatively small but tight-knit community. With the Q3 2023 data in, a more rounded picture of this region’s property market performance can be painted, especially for those interested in property investment.

    Houses in Black Head 2430 are changing hands at an average price of AUD 1,044,757. Coupled with the median weekly rent of $550, the indicative yield for property investors stands at 2.73%. While this yield is lower than the 3% threshold that often entices cash-flow centred property investors, it is important to note that other metrics may still suggest a promising investment opportunity.

    The IRSAD score, which evaluates the socio-economic conditions affecting the residential property market, stands at 991 out of 1217 for Black Head 2430. This score emphasises both the prosperity of the area and the residents’ access to economic resources.

    Furthermore, the renter to owner ratio is an encouraging 16%, considerably lower than the 30% and below which investors often deem favourable. This figure recommends the locale as less subjected to excessive rental competition that can diminish returns in the long run.

    The unit to house ratio, another pertinent factor for evaluating market saturation, is also encouraging at just 4%. Lower percentage figures tell us that there’s less competition amongst landlords for tenants, which can support higher rental yields.

    However, a concerning factor for potential homeowners is the high affordability index for houses, positioned at 76 years. This metric estimates it would take approximately 76 years to wholly own a property in this suburb under typical conditions, indicating decreased affordability.

    On the supply side, market conditions appear favourable. The stock on market Percentage is a slight 0.15% – suggesting a scarcity of unsold property stock relative to the total number of dwellings in the area. This scarcity signal is echoed in the inventory level of 3.0 months, which indicates a fairly absorbent property market.

    The Building Approval Ratio at 0.0% also highlights the limited supply of new approved residential buildings in the area. This could lead to an upward pressure on housing prices in the long term.

    The average number of days on market for houses is 42, falling in the neutrality zone – it’s not too high to indicate low demand nor too low to suggest extremely high demand. This, combined with a vacancy rate of 2.78%, showcases a neutral demand market state. Finally, the buy search index for houses is 3, teetering on the brink of limited demand.

    To sum up, the investment potential in Black Head 2430 is looking mixed. With its favourable owner to renter ratio and low unit to house ratio, combined with low supply indicators, it might still be a destination of choice for strategic investors. Yet, its relative unaffordability, lower yield and borderline demand figures warrant careful consideration. As always, staying abreast of the market and assessing composite metrics like RCS could support robust 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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