Lugarno

POSTAL CODE: NSW, 2210
HOUSE

LUGARNO, 2210 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 $1,772,600.

Profits due to an upward trend in home prices in the suburb averaged 3.37% per annum over a 3-year period.

LUGARNO now ranks at the 1165th 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 LUGARNO are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $1000 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In LUGARNO, homes and units usually stay on listing for an average of 61.1 days.

In 2016, 74 properties were sold in LUGARNO during the past year, making it the 153rd most active market in NSW based on total real estate transactions.

Surburb overview

Lugarno lies approximately 25 km south-west of the Sydney central business district, and driving via the M5 motorway takes around 26 minutes under normal traffic conditions.

The suburb recorded a population of 5,869 at the 2021 census, reflecting a growth of about 4.7 per cent since 2016 when the count was around 5,606.

Residents tend to fall mainly within the 50–59 year age bracket, and the median age is approximately 44 years.

Around 24.6 per cent of the community were born overseas, with the most common birthplaces being China, England, Greece, North Macedonia and Egypt.

English is the dominant language spoken at home (71.2 per cent), followed by Greek, Arabic, Mandarin, Macedonian and Cantonese.

Employment data indicates that professionals comprise close to 30.9 per cent of workers, with managerial and clerical roles also prominent. Median weekly personal income sits around $934, while household income averages about $2,721.

Public transport services include the 942 bus route to Campsie or Hurstville, supplemented by train connections, offering travel to the city in about 50 to 60 minutes via bus and train combinations. The School Student Transport Scheme provides subsidised travel to eligible students.

Essential establishments in Lugarno include the riverside Lugarno Seafood Restaurant overlooking the Georges River, plus cafes and local shops along Forest Road. Forest Road also hosts a bus stop serviced by multiple routes, facilitating access to nearby hubs.

Recreational activity centres on the natural landscape along the Georges River, including parks, reserves and riverine settings for walking and picnics.

The suburb spans roughly 3.4 square kilometres and boasts about 14 parks covering over 21 per cent of its area.

Housing is predominantly low-density detached dwellings, often owned outright by couples with children. Mortgages in the suburb typically exceed $4,000 per month.

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