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 $710,250.

The upward trend in home prices in LURNEA, 2170 averaged 6.93% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 3.29% increase in returns based on the current median price in LURNEA.

An average of 7.08 real estate transactions take place per month in LURNEA which translates to 85 per annum.

85 properties were sold in LURNEA in 2016, making it the 84th most active market in NSW based on total real estate transactions.

LURNEA, 2170 places 706th 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 $710,250 $560,000
GROWTH REPORT
Median Quarterly -0.46% -1.75%
Median 12 month 1.76% 0.04%
Median 3 years 20.79% 24.44%
Median 5 years 77.56% 69.7%
10 years average annual 9.24% 9.6%
Weekly media advert. rent $450 $415
Time on Market 49.6 days 61.9 days
Gross Rental Yield Percent 3.29% 3.85%
demographics (median values)
Total Population
7466
Weekly Household Income
740.7
Household Size
3.00
demographics
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