Fraud Blocker

Turrella, NSW 2205

Home » NSW Real Estate Data » Bayside Council, NSW » Turrella, NSW 2205

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 Turrella, NSW 2205 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Turrella, NSW 2205”

  1. The total adult population (15 years or older) of Turrella 2205 NSW is 2,238, with a median age of 32. Of those, 45.93% are married, 8.94% are divorced or separated, 42.49% are single and 2.64% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $8,436. The median monthly mortgage repayment for households in this suburb is $2,500 which is 29.63% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned in NSW, the suburb of Turrella 2205 is host to roughly 1093 households. A snapshot of the housing market as of Q3 2023 reveals typical property prices hovering around AUD 1.5 million, with a median weekly rent of $641. These numbers reflect an indicative yield of 2.22%, a figure just below the minimum attractive market requirement of 3% for cashflow-based property investors.

    Diving into the socio-economic health of the area, Turrella achieved an IRSAD score of 1031 out of a possible 1217- suggesting an overall solid socio-economic status. It’s important to note the renter-to-owner ratio, a useful tool for gauging market saturation, which sits at 43%. High ratios in this sphere can imply a high level of competition among landlords, posing potential future risks and reduced property appeal. In Turrella’s case, the ratio is just above the optimum threshold of 30%, suggesting a relatively balanced market but with a slight leaning towards rentals.

    The units to houses ratio in Turrella is 61%. This implies that the suburb’s property market is somewhat oversaturated with units, which can lead to higher competition for tenants and can impact rental yields negatively. Such a scenario often leads to shorter tenancy periods and even potential price drops if the market cools down.

    The Affordability Index, which estimates the duration required to fully own a property, indicates a somewhat unfavourable standing at 70 years for Turrella. This exceeds the standard 30-year mortgage period which is typically considered favourable.

    Understanding the supply metrics involves examining the stock on market Percentage which is 0.84% for houses. While this is slightly above the favourable threshold of 0.4%, it’s still safely lower than the high supply indicator of 1.3%. This suggests mild oversupply. The inventory level of houses, which stands at 3.43 months, supports this trend, and is somewhat reflective of a market segment with moderately high supply.

    In terms of construction, the building approvals Ratio for houses in Turrella stands at 0.0%. This, alongside a buy search index of 5, suggests a relatively stable demand for houses in the area.

    Finally, with a vacancy rate (for both houses and units combined) of 1.7%, Turrella demonstrates a presentable equilibrium of supply and demand. This rate suggests a neutral market with neither high nor low demand, which is a favourable property investing condition.

    Monitor Turrella’s trends closely and be encouraged by the generally balanced market conditions. However, the high ‘Years to Own’ metric and slightly higher units to houses ratio call for cautious optimism and a keen eye for future shifts. Reviewing the RCS metric (Relative Composite Score) developed by HtAG Analytics regularly can provide an astute and automated overview of the marketplace.

    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.

Leave a comment