Leppington

POSTAL CODE: NSW, 2179
HOUSE

Property investors have seen a 5.77% gain in LEPPINGTON based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains LEPPINGTON, 2179 saw average growth in the long term.

The NSW 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 $1,100,000

Profits averaged 0% per annum over a 3-year period, due to an downward trend in home prices in LEPPINGTON, 2179.

This means, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

The gross rental yield in LEPPINGTON, 2179 is 3.78%.

An average of 29.08 real estate transactions take place per month in LEPPINGTON which translates to 349 per annum.

Surburb overview

Up until recently, this fast-growing suburb in Sydney’s southwestern corridor was semi-rural farmland with a strong community of Italian immigrants. Between the 2016 and 2021 Census, Leppington’s population nearly tripled to 9,423 people, coinciding with the number of private dwellings jumping from 1,239 to 3,128 during that period.

Leppington residents enjoy a peaceful atmosphere and modern amenities, including the recently completed Leppington train station, which connects the suburb to Sydney airport and CBD within an hour, and convenient access to major employment hubs while lying within 10 minutes drive of the M5 Motorway, M7 Motorway, and Hume Highway, allowing residents easy access across Sydney and beyond. All these factors make it highly suitable for the development of new homes, jobs, and community services.

The region has been earmarked by the NSW government as being within the South West Growth Area, a project conducted to connect new suburbs with the planned Western Sydney airport in nearby Badgerys Creek and the broader Western Sydney Employment Area.

As part of the South West Growth Plan, over 54,000 new homes have been or are projected to be built in Leppington and surrounding regions in order to accommodate an expected population of 120,000 people by 2041.

Recent rezoning of the area by the state government is set to facilitate a new community in the suburb, with a new school and local spaces set to be delivered alongside a number of new homes in the not-too-distant future.

Over the 12 months to January 2023, prices in the outer western Sydney suburb soared 60.2 per cent, leading to a median price of $1,167,500 million. Median rents in the region are $680 per week, while gross rental yields of around 3 per cent have been reported.

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