Powered by MOMENTUM MEDIA
AREA REPORTS

Lurnea

Suburb Profile

Lurnea - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2170

house
unit

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 $685,000.

The downward trend in home prices in LURNEA, 2170 averaged -1% per annum over a 3-year period.

Average weekly rents on listings have reached the $420 mark, reflecting a 3.19% increase in returns based on the current median price in LURNEA.

An average of 5.92 real estate transactions take place per month in LURNEA which translates to 71 per annum.

71 properties were sold in LURNEA in 2016, making it the 182nd most active market in NSW based on total real estate transactions.

LURNEA, 2170 places 251st in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $685,000 $485,000
GROWTH REPORT
Median Quarterly 4.98% -5.09%
Median 12 month 5.47% -7.53%
Median 3 years -3.01% -11.82%
Median 5 years 14.17% 5.42%
10 years average annual 7.49% 6.29%
Weekly media advert. rent $420 $385
Time on Market 59.4 days 47.6 days
Gross Rental Yield Percent 3.19% 4.13%
demographics (median values)
Total Population
7466
Weekly Household Income
740.7
Household Size
3.00
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

tenancy databases

The landlord’s guide to tenancy databases

What are tenancy databases and why should you use them as a landlord? ...

City buyers flock to regional Queensland

City buyers flock to regional Queensland

Regional areas in Queensland have been seeing strong demand for lifestyle homes as the market and the people adjust to the “new normal”....

First home buyers dominate property market after 10 years

First home buyers dominate property market after 10 years

For the first time in a decade, first home buyers dominate Australia’s property market, recording a 10-year high in the last quarter. ...

Only two capital cities to see rise in activity this week

Only two capital cities to see rise in activity this week

With overall auction volumes down, Perth and Sydney stand as the only capital cities set to see a rise in activity over the week, according ...

Perth to be standout property market in 2021

Perth to be standout property market in 2021

As Australia continues to recover from COVID-19, all capital cities are expected to record dwelling price rises in 2021, with Perth leading ...

Canberra

Canberra now Australia’s second most expensive property market

Canberra is now Australia’s second most expensive property market, overtaking Melbourne. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.