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Lake MunmorahLake Munmorah - SUBURB PROFILE REPORT
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Property investors have seen a 11.2% gain in LAKE MUNMORAH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on LAKE MUNMORAH, 2259 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 29.3%.
Based on its average 5-year and quarterly capital gains LAKE MUNMORAH, 2259 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 $695,000
Profits averaged 11.56% per annum over a 3-year period, due to an upward trend in home prices in LAKE MUNMORAH, 2259.
This means, real estate investors could earn a rental income of $427.5 based on current median home prices for the suburb.
The gross rental yield in LAKE MUNMORAH, 2259 is 3.2%.
An average of 11.42 real estate transactions take place per month in LAKE MUNMORAH which translates to 137 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $695,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 11.2% | N/A |
| Median 12 month | 29.3% | N/A |
| Median 3 years | 34.69% | N/A |
| Median 5 years | 58.31% | N/A |
| 10 years average annual | 8.97% | N/A |
| Weekly media advert. rent | $427.5 | N/A |
| Time on Market | 33.6 days | N/A |
| Gross Rental Yield Percent | 3.2% | N/A |
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