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Lake Haven
AREA REPORTS

Lake Haven

Lake Haven - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2263

house
unit

LAKE HAVEN, 2263 delivered a weaker 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 LAKE HAVEN, 2263 values up and netting property investors a capital gain of 8.43% for the past year.

Investors saw the median home price rise to $585,500.

Profits due to an upward trend in home prices in the suburb averaged 2.48% per annum over a 3-year period.

LAKE HAVEN now ranks at the 544th 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 LAKE HAVEN are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $430 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 LAKE HAVEN, homes and units usually stay on listing for an average of 40.6 days.

In 2016, 89 properties were sold in LAKE HAVEN during the past year, making it the 57th most active market in NSW based on total real estate transactions.

Data report can be found below

Lake Haven
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $585,500 $470,000
GROWTH REPORT
Median Quarterly 6.45% 0%
Median 12 month 8.43% N/A
Median 3 years 7.43% 4.44%
Median 5 years 27.28% 18.09%
10 years average annual 6.81% 18.64%
Weekly media advert. rent $430 $430
Time on Market 40.6 days 37.0 days
Gross Rental Yield Percent 3.82% 4.76%
demographics (median values)*
Total Population
24267
Weekly Household Income
980
Household Size
2.30
Age
45
Monthly Loan Repayment
1538
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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