LUGARNO, 2210 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling LUGARNO, 2210 values up and netting property investors a capital gain of 6.56% for the past year.
Investors saw the median home price rise to $1,280,000.
Profits due to an upward trend in home prices in the suburb averaged 7.18% per annum over a 3-year period.
LUGARNO now ranks at the 532nd 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 $650 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 72.1 days.
In 2016, 73 properties were sold in LUGARNO during the past year, making it the 158th most active market in NSW based on total real estate transactions.
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