Arakoon, NSW

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Livability Index
89.3
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Population: 513

House Growth Prediction (per annual): 24%, 1506th out of 5061

Unit Growth Prediction (per annual): 17%, 993th out of 2987

Keywords: Low Salary, Nature, Elderly, Trade, Volunteer, Real Estate

Basics

Arakoon is a local community with population 513, and the population growth over the past decade is -12.6%. It has an average income $37,144.67 per annum. It has 89.4% of population who only speak English at home. Other top languages include Arabic, German. Unemployment rate in Arakoon is 6.2% while people work as professionals is 15.1%. Arakoon has 0 Coles stores and 1 Woolworth stores. Its population density is 11.39 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Arakoon has Socio-Economic raw score 1027.1 while the average score across Australia is 1000. Therefore, Arakoon has advantage in terms of Socio-Economic measure. It obtains relative score 66 out of 100 across Australia, while relative score 64 out of 100 within NSW. Factors considered in this score include income, education level, unemployment, occupation, housing pressure and so on. This score is generated by Australia Bureau of Statistics (ABS).

Similar to Socio-Economic measure, GeoIndex computes smart livability index by considering additional factors, including rental rate against income, property price against income, safety, transport, access convenience, environment, population density and so on. Arakoon has a livability index 88, which is lower than average 100 across Australia. It ranks 6,916th out of 8,530 suburbs across Australia. Therefore, it is a suburb less livable for local communities.

Real Estate Price Forecast and Investment Guide

Based on our more than ten millions of historical property transaction data, wide range of predictors and cutting-edge algorithm, we predict the house price would grow by 8.7% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Arakoon has a higher than average growth expectation. It ranks 3,903th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Similar to house, unit/flat/apartment in Arakoon is predicted to grow by 8.4% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Arakoon has a higher than average growth. It ranks 3,412th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Education: Primary and Secondary School Index

As for education, Primary public school NA the attractiveness of Arakoon, which obtains score of NA out of 100 within NSW based on local primary school student exam performance. NA primary school, secondary public school contribute to the attractiveness of Arakoon, which obtains score of 56.3 out of 100 within NSW based on local secondary school student exam performance. Considering the background of students in primary school, Arakoon has a NA than average score, which is NA out of 100. NA to primary school, secondary school has worse than average score, which is 30.1 out of 100.

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Arakoon, NSW smart rating was calculated by GeoIndex Australia.

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