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 14.17% for the past year.
Investors saw the median home price rise to $548,000.
Profits due to an upward trend in home prices in the suburb averaged 10.68% per annum over a 3-year period.
LAKE HAVEN now ranks at the 272nd 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 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 $390 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 74.6 days.
In 2016, 65 properties were sold in LAKE HAVEN during the past year, making it the 224th most active market in NSW based on total real estate transactions.
LAKE HAVEN ranks 183rd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
With the median home price in LAKE HAVEN sitting at $427,500, and the average rent at $370, property owners could potentially earn a 4.5% increase in gross rental yield.
Property investors have seen a 3.01% gain in LAKE HAVEN based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that LAKE HAVEN, 2263 obtained a 11.74% growth over a ten-year period. It ranks 1236th on our list of suburbs that property investors should look into.