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Lavender Bay
AREA REPORTS

Lavender Bay

Lavender Bay - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2060

unit

Homeowners and real estate investors betting on LAVENDER BAY, 2060 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 29.82%.

A steady increase in median property prices over a five-year period in LAVENDER BAY, 2060 translates to a 41.8% capital gain.

Property investors enjoyed capital gains of 29.82% over the last 12 months in LAVENDER BAY, translating to lower returns compared with its peers in NSW.

LAVENDER BAY, 2060 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 $1,145,000.

Profits due to an upward trend in home prices in LAVENDER BAY, 2060 averaged 13.93% per annum over a 3-year period.

Home owners selling their properties and realtors in LAVENDER BAY usually have to wait an average of 0.0 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $500 mark, reflecting a 2.27% increase in returns based on the current median price in LAVENDER BAY.

LAVENDER BAY, 2060 places 160th in Australia based on median property value growth during the quarter.

Data report can be found below

Lavender Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $1,145,000
GROWTH REPORT
Median Quarterly N/A 5.77%
Median 12 month N/A 29.82%
Median 3 years N/A 41.8%
Median 5 years N/A 31.61%
10 years average annual N/A 12.38%
Weekly media advert. rent N/A $500
Time on Market N/A 0.0 days
Gross Rental Yield Percent N/A 2.27%
demographics (median values)*
Total Population
13988
Weekly Household Income
2316
Household Size
2.00
Age
37
Monthly Loan Repayment
2574
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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