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Magenta, NSW 2261
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,205,000
list-price estimate
Median Unit
$750,000
list-price estimate
Gross Yield (houses)
3.0%
1yr Growth (units)
-22.6%
market range -27.5% to -20.0%
Investment snapshot for Magenta
Magenta has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Magenta market and investor summary
In Magenta, NSW 2261, houses show a gross rental yield of 3.0%. At 5.4% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 5.4% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 198 days on market, so plan for a slower exit if you ever need one.
Living in Magenta: people, income and schools
About 332 people live in Magenta, a number that has held fairly steady over five years. The median age is 60, an older, established demographic, and 73% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $96,000 a year, or roughly $1,840 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 3 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 71 km from the CBD. It is fairly car-dependent; the suburb scores 8 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 332
- +2% over 5yr
- Median age
- 60 years
- Median household income
- $96,000/yr
- Households renting
- 25%
- Family households
- 74%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 965
- Unemployment
- 3.9%
- Distance to CBD
- 71 km
- Walk score
- 8/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Magenta
View all →Frequently asked questions about Magenta
What should I check before investing in Magenta?
Magenta has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.4%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does Magenta show?
The gross rental yield in Magenta is 3.0% for houses and 5.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Magenta?
The current vacancy rate in Magenta is 5.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Magenta?
Magenta has a population of approximately 332 residents, with a median age of 60.
What schools are near Magenta?
There are 3 schools within roughly 5km of Magenta. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Magenta's population growing?
The population of Magenta has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Magenta from the CBD?
Magenta is about 71 km from the CBD.
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