Lochinvar

POSTAL CODE: NSW, 2321

HOUSE

UNIT

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 $910,000.

Profits due to an upward trend in home prices there averaged 28.19% per annum over a 3-year period.

Home owners selling their properties and realtors in LOCHINVAR usually have to wait an average of 65.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $700 mark, reflecting a 4% increase in returns based on the current median price in LOCHINVAR.

LOCHINVAR, 2321 places 472nd in Australia based on median property value growth during the quarter.

Figures from the previous quarter show that capital gains for real estate buyers in LOCHINVAR are high, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $525 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $525 mark, reflecting a 3.83% increase in returns based on the current median price in LOCHINVAR.

LOCHINVAR, 2321 ranks th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

LOCHINVAR ranks 422nd on the list of best yielding suburbs for rental properties in NSW, posting a 3.83% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$910,000	$712,500
Growth Report
Median Quarterly	2.25%	1.79%
Median 12 month	0%	0%
Median 3 years	84.58%	0%
Median 5 years	0%	0%
10 years average annual	15.22%	0%
Weekly media advert. rent	$700	$525
Time on Market	65.2 days	N/A
Gross Rental Yield Percent	4%	3.83%

Demographics (Median Values)*

Total Population 14625

Weekly Household Income 1633

Household Size 2.80

Average Age 36

Monthly Loan Repayment 1950

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

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