Property Market Update Plumpton NSW 2761

Plumpton Property Market, House Prices, Investment Data, NSW 2761, Suburb Profile, local Agents

PLUMPTON – Sales Statistics (Houses)

Year #Sales Median Growth Low High

2023 35 $860,000 -0.3 % $400,000 $1,375,000

Suburb Growth +3.8%

Current Median Price: $857,000

Based on 146 recorded House sales compared over the last two
rolling 12 month periods

Median Sale Price $857k – September 2023
Based on 63 recorded House sales within the last 12 months (Financial Year 2023)
Based on a rolling 12 month period

Plumpton currently offers 58 houses on the market, boasting a median house price of $860,000, showcasing a steady annual capital growth rate of 4.88%. Over the past year, there have been 61 house sales, and houses typically take an average of 34 days to sell.

For those contemplating investment in Plumpton, it’s worth noting that houses yield rental returns of 3.59%, with a median weekly rent of $525. Over the last quarter, house values have experienced a modest growth of 1.62%, while they’ve seen a more substantial 4.88% increase in value over the last 12 months.

Plumpton encompasses an approximate area of 3 square kilometers, enriched with 16 parks that span nearly 16.7% of the total area. In 2011, the population stood at 8,244 residents, which subsequently grew to 9,192 by 2016, signifying a population surge of 11.5% during that period. The dominant age group in Plumpton falls within the 10-19-year bracket.

Households in Plumpton predominantly consist of couples with children, who tend to allocate monthly mortgage repayments in the range of $1800 – $2399. In terms of occupation, clerical roles are common among Plumpton’s residents. In 2011, homeowners occupied 77.6% of residences in Plumpton, a figure that shifted slightly to 73.6% by 2016.

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