Turramurra is a well-established suburb in New South Wales within the Ku-ring-gai local government area (postcode 2074). With a population of 12,850, the suburb has an established demographic with a median age of 43. Households earn a median income of $158K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Turramurra is $1.6 million, having dropped significantly 52.7% over the past year. Units have a median price of $798,000 (-24.4% YoY). The current median weekly rent is $1400. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $3,484.
Turramurra is served by 2 schools, including 2 primary. The average ICSEA score is 1176, which is well above the national average of 1,000. Public transport access includes 1 rail station, 82 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Ku-ring-gai LGA is low at 920 incidents per 100,000 population.
From an investment perspective, Turramurra offers a gross rental yield of 4.7%, rated as moderate yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 9.8x is considered moderate. House prices have moved -52.7% year-on-year.
Turramurra is a well-established suburb in New South Wales within the Ku-ring-gai local government area (postcode 2074). With a population of 12,850, the suburb has an established demographic with a median age of 43. Households earn a median income of $158K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Turramurra is $1.6 million, having dropped significantly 52.7% over the past year. Units have a median price of $798,000 (-24.4% YoY). The current median weekly rent is $1400. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $3,484.
Turramurra is served by 2 schools, including 2 primary. The average ICSEA score is 1176, which is well above the national average of 1,000. Public transport access includes 1 rail station, 82 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Ku-ring-gai LGA is low at 920 incidents per 100,000 population.
From an investment perspective, Turramurra offers a gross rental yield of 4.7%, rated as moderate yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 9.8x is considered moderate. House prices have moved -52.7% year-on-year.