Lewisham

POSTAL CODE: NSW, 2049

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 18.6% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,150,000

The augmented property values in the suburb are trailing behind the territorial average of 5.63% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $975.

Home owners selling their properties and realtors in LEWISHAM usually have to wait an average of 76 days days before their assets are lifted off the market.

The NSW suburb ranks 962nd on the list of best yielding suburbs for rental properties in NSW, posting a 2.36% return.

It also places places th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that LEWISHAM, 2049 obtained a -0.08% decrease over a ten-year period. It ranks 2018th on our list of suburbs that property investors should look into.

LEWISHAM, 2049 has a capital gain of -4.6% for the past year, which is lower than average compared to its 0% growth within a five-year period.

With the median home price in LEWISHAM sitting at $830,000, and the average rent at $725, property owners could potentially earn a 4.54% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in LEWISHAM are low, as opposed to average gains per annum over the past five years.

LEWISHAM, 2049 in NSW belongs to the local government area of Inner West.

Surburb overview

Lewisham is a suburb situated approximately 7 kilometres south-west of Sydney's central business district, within the Inner West Council local government area.

According to the 2016 Census, Lewisham had 3,164 residents, with a median age of 36.

Public transportation in Lewisham is well-developed. It features a train station on the Inner West & Leppington Line, which provides direct access to the Sydney CBD and surrounding suburbs. Additionally, the suburb is serviced by the Inner West Light Rail and several bus routes, enhancing connectivity for residents.

The suburb offers a variety of essential establishments, including local shops, cafes, and restaurants, particularly along New Canterbury Road. Nearby suburbs such as Petersham and Summer Hill provide additional amenities, including supermarkets, specialty stores, and dining options.

Recreational facilities in Lewisham include Morton Park, which features open green spaces and playgrounds suitable for families and individuals seeking outdoor activities. The suburb's proximity to the Cooks River and associated parklands offers further opportunities for recreation, such as walking and cycling along established pathways.

Lewisham's combination of accessible public transport, essential amenities, and recreational spaces contributes to its appeal as a residential suburb within Sydney's Inner West.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,150,000	$830,000
Growth Report
Median Quarterly	0%	-7%
Median 12 month	-2.91%	-4.6%
Median 3 years	18.6%	7.1%
Median 5 years	51.36%	0%
10 years average annual	5.86%	-0.08%
Weekly media advert. rent	$975	$725
Time on Market	76 days	62.9 days
Gross Rental Yield Percent	2.36%	4.54%

Demographics (Median Values)*

Total Population 11282

Weekly Household Income 1968

Household Size 2.30

Average Age 36

Monthly Loan Repayment 2600

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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