Lurnea

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 $560,000.

Average median unit prices in NSW have risen as a whole, pulling LURNEA, 2170 values up and netting property investors a capital gain of 0.04% for the past year.

Investors saw the median home price rise to $560,000.

The upward trend in home prices in LURNEA, 2170 averaged 8.15% per annum over a 3-year period.

LURNEA now ranks at the 334th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in LURNEA are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $415 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In LURNEA, homes and units usually stay on listing for an average of 61.9 days.

30 properties were sold in LURNEA in 2016, making it the 243rd most active market in NSW based on total real estate transactions.