Turramurra (postcode 2074) is a well-established suburb in New South Wales within the Ku-ring-gai local government area. With a population of 12,850, the suburb has an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Chinese.
The median house price in Turramurra is $2.9 million, having fallen sharply by 13.7% over the past year. Units have a median price of $922,000 (-7% YoY). The current median weekly rent is $1125. This gives a gross rental yield of approximately 2.0%. 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 930 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.0%, which reads as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.5x is considered stretched. House prices have moved -13.7% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.