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Dee Why, NSW 2099

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 Dee Why, NSW 2099 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

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 “Dee Why, NSW 2099”

  1. The total adult population (15 years or older) of Dee Why 2099 NSW is 19,850, with a median age of 36. Of those, 40.72% are married, 14.15% are divorced or separated, 41.70% are single and 3.44% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $9,840. The median monthly mortgage repayment for households in this suburb is $2,457 which is 24.97% of their earnings.

    Source: ABS Census Data (2021)

  2. The seaside suburb of Dee Why, postcode 2099, in New South Wales is a burgeoning area with a recorded total of 11,816 households. As we head into the third quarter of 2023, it’s apparent that the property market is robust, displaying some appealing characteristics for prospective investors and homebuyers.

    When it comes to purchasing a home, the current typical price for houses in Dee Why stands just above the two million mark at AUD 2,210,078. In the rental market, the median weekly rent for these homes is tightly poised at AUD 977. However, the indicative yield for the area is a marginal 2.3%, which is a little under the ideal 3% benchmark many cashflow-focused investors are looking to surpass.

    Dee Why’s IRSAD score (Index of Relative Socioeconomic Advantage and Disadvantage) presents a healthy socioeconomic status with a score of 1071 out of a possible 1217. The suburb also notches a higher renter to owner ratio at 47%, positioning it in a category that is typically viewed as a questionable investment due to a higher proportion of renters.

    Compounding this is a high units to houses ratio of about 88%, suggesting an oversupply of units and increased competition among landlords for tenants. This could potentially contribute to a saturation in the rental market and may inadvertently affect rental yields.

    Affordability in Dee Why is something to take into account with an index of 88 years. It portrays a lower affordability scenario wherein the estimated time required to fully own a property is considerably higher than the standard assumption of a 30-year mortgage.

    Supply metrics paint a healthier picture. The stock on market percentage for houses is as low as 0.38%, suggesting a low supply which is generally favourable for property value. Meanwhile, inventory levels rest at a very favourable 1.2 months, implying the market can rapidly absorb new listings. However, the building approvals ratio for houses is slightly high at 4.1%, suggesting an increased supply of new dwelling stock in the market.

    In terms of demand metrics, the average house in Dee Why stays on the market for just 12 days, indicating a high demand for homes in the suburb. The area also boasts a very low combined vacancy rate (houses and units) of 0.82%, which is much favourable for landlords as it indicates high tenant demand. However, the buy search index for houses is at a moderate 3, indicating a neutral level of demand.

    As with any property investment, it’s essential to take into account these broad considerations. Some metrics may suggest certain challenges, yet the overall blend of favourable supply and moderate demand metrics indicate that Dee Why may hold potential opportunities for both investment and lifestyle choices.

    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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