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Lake MunmorahLake Munmorah - SUBURB PROFILE REPORT
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Property investors have seen a 1.82% gain in LAKE MUNMORAH based on an increase in median home prices for the past three months.
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 $531,500
Profits averaged 3.08% 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 $410 based on current median home prices for the suburb.
The gross rental yield in LAKE MUNMORAH, 2259 is 4.01%.
An average of 8.92 real estate transactions take place per month in LAKE MUNMORAH which translates to 107 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $531,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.82% | N/A |
| Median 12 month | 6.3% | N/A |
| Median 3 years | 9.25% | N/A |
| Median 5 years | 37.16% | N/A |
| 10 years average annual | 6.35% | N/A |
| Weekly media advert. rent | $410 | N/A |
| Time on Market | 72.1 days | N/A |
| Gross Rental Yield Percent | 4.01% | N/A |
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