Como Property Insights - Oct 2024
Como, NSW 2226: A Riverside Suburb with Strong Family Appeal
Como, a leafy riverside suburb located 27 km south of Sydney's CBD, offers a peaceful lifestyle that appeals to families and professionals alike. Spanning 2.1 square kilometers, Como is known for its 13 parks, which make up nearly 9.5% of the area. The suburb has seen steady population growth, increasing from 3,789 in 2011 to 3,967 residents by 2016, with most households being couples with children.
Housing Market Trends
The housing market in Como is thriving, with a median house price of $1.79 million as of September 2024, reflecting a 7.3% increase over the past year. The upper quartile price for houses is $2.24 million, while the lower quartile stands at $1.64 million, showcasing a broad range of property values. Over the past 12 months, 39 houses were sold, with properties staying on the market for an average of 29 days. Rental demand is also strong, with the median asking rent for houses at $900 per week, yielding a 2.9% rental return.
Unit Market Trends
The unit market in Como, though smaller, is also performing well. The median unit price stands at $1.21 million, a significant 11.6% increase over the past year. A total of 5 units were sold over the past 12 months, with a median asking rent of $600 per week, offering rental yields of 3.6%. Units are becoming an increasingly popular choice for both investors and downsizers in the suburb.
Como Property
Land Market
The land market in Como is limited, with only 1 property sold in the past year. The scarcity of land parcels makes Como a tightly held suburb, and the few available plots are highly sought after for new developments.
Recent Sales Activity
Como has seen some notable property sales in recent months. Properties in this suburb, especially premium homes, are commanding strong prices. A standout sale was recorded at over $2.23 million, highlighting Como’s appeal to buyers seeking larger family homes in a tranquil setting close to the Georges River.
Community and Demographics
Como is a family-oriented suburb, with 61.7% of households made up of couples with children. The predominant age group in Como is 40-49 years, and the suburb offers an ideal environment for families, with parks, schools, and access to professional jobs. A significant portion of households, 30%, earn over $182,000 annually, reflecting the suburb’s professional and affluent demographic.
Investment Potential
Como’s strong property market, coupled with its attractive family lifestyle and proximity to Sydney, makes it a desirable investment location. Both houses and units have shown solid price growth and rental yields, indicating long-term potential for capital gains and stable rental income.