LURNEA, 2170 ranks 1794th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 8.85% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $707,500.
The upward trend in home prices in LURNEA, 2170 averaged 15.54% per annum over a 3-year period.
Average weekly rents on listings have reached the $440 mark, reflecting a 3.23% increase in returns based on the current median price in LURNEA.
An average of 10 real estate transactions take place per month in LURNEA which translates to 120 per annum.
120 properties were sold in LURNEA in 2016, making it the 1296th most active market in NSW based on total real estate transactions.
LURNEA, 2170 places 699th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.85%||13.13%|
|Median 3 years||46.63%||49.53%|
|Median 5 years||91.22%||88.24%|
|10 years average annual||9.34%||8.83%|
|Weekly media advert. rent||$440||$400|
|Time on Market||72.3 days||54.4 days|
|Gross Rental Yield Percent||3.23%||3.71%|