BENDIGO 
1 MIN READRoaring Post-COVID ’20s On The Cards For Property Investors?
Barring an external shock, property investors look set to benefit from the post-COVID boom in the Australian economy. ...
Read More
LurneaLurnea - SUBURB PROFILE REPORT
SHARE 
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $725,000.
The upward trend in home prices in LURNEA, 2170 averaged 0.68% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.23% increase in returns based on the current median price in LURNEA.
An average of 8.33 real estate transactions take place per month in LURNEA which translates to 100 per annum.
100 properties were sold in LURNEA in 2016, making it the 1485th most active market in NSW based on total real estate transactions.
LURNEA, 2170 places 990th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $725,000 | $510,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.4% | 1.49% |
| Median 12 month | 11.54% | -0.2% |
| Median 3 years | 2.04% | -8.6% |
| Median 5 years | 15.08% | 6.25% |
| 10 years average annual | 7.6% | 7.26% |
| Weekly media advert. rent | $450 | $400 |
| Time on Market | 49.8 days | 61.5 days |
| Gross Rental Yield Percent | 3.23% | 4.08% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
