Lemon Tree Passage

POSTAL CODE: NSW, 2319

HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The 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 $730,000.

The upward trend in home prices in LEMON TREE PASSAGE, 2319 averaged 0.46% per annum over a 3-year period.

Average weekly rents on listings have reached the $620 mark, reflecting a 4.42% increase in returns based on the current median price in LEMON TREE PASSAGE.

An average of 6.42 real estate transactions take place per month in LEMON TREE PASSAGE which translates to 77 per annum.

77 properties were sold in LEMON TREE PASSAGE in 2016, making it the 127th most active market in NSW based on total real estate transactions.

LEMON TREE PASSAGE, 2319 places 1087th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$730,000	N/A
Growth Report
Median Quarterly	-1.35%	N/A
Median 12 month	1.04%	N/A
Median 3 years	1.39%	N/A
Median 5 years	38.39%	N/A
10 years average annual	7.71%	N/A
Weekly media advert. rent	$620	N/A
Time on Market	83.4 days	N/A
Gross Rental Yield Percent	4.42%	N/A

Demographics (Median Values)*

Total Population 6684

Weekly Household Income 974

Household Size 2.40

Average Age 49

Monthly Loan Repayment 1517

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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