This property is Off Market
With an average age of 38, households expect an average monthly mortgage payment of $2,843 or a weekly rent payment of $470. The average family earns a weekly income of $2,833 with a typical household size of 2.3 and a 97.41% employment rate.
In Summer Hill there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Summer Hill is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Summer Hill changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Summer Hill the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
(Country of Birth not stated 1%)
Haberfield - Summer Hill a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
63 / 100
31 / 100
Industry
37 / 100
22 / 100
Population
24 / 100
19 / 100
House Prices
81 / 100
60 / 100
Jobs
43 / 100
29 / 100
Incidents Trend State Average
Yeo Park Infants School
Ashfield, NSW, 2131 State K-2
Christian Brothers High School Lewisham
Lewisham, NSW, 2049 Independent 5-12
Trinity Grammar School
Summer Hill, NSW, 2130 Independent K-12
Summer Hill Public School
Summer Hill, NSW, 2130 State K-6
Ashfield Boys High School
Ashfield, NSW, 2131 State 7-12
Lewisham Public School
Lewisham, NSW, 2049 State K-6
St Vincent's Catholic Primary School
Ashfield, NSW, 2131 Independent K-6
St Patrick's Catholic Primary School
Summer Hill, NSW, 2130 Independent K-6
The John Berne School
Lewisham, NSW, 2049 Independent U
Ashfield Public School
Ashfield, NSW, 2131 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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