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Smiths Lake
AREA REPORTS

Smiths Lake

Smiths Lake - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2428

house

SMITHS LAKE, 2428 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 SMITHS LAKE, 2428 values up and netting property investors a capital gain of 17.96% for the past year.

Investors saw the median home price rise to $548,500.

Profits due to an upward trend in home prices in the suburb averaged 5.57% per annum over a 3-year period.

SMITHS LAKE now ranks at the 219th 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 SMITHS LAKE 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 $420 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 SMITHS LAKE, homes and units usually stay on listing for an average of 82.4 days.

In 2016, 85 properties were sold in SMITHS LAKE during the past year, making it the 86th most active market in NSW based on total real estate transactions.

Data report can be found below

Smiths Lake
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $548,500 N/A
GROWTH REPORT
Median Quarterly 10.81% N/A
Median 12 month 17.96% N/A
Median 3 years 16.7% N/A
Median 5 years 46.27% N/A
10 years average annual 6.57% N/A
Weekly media advert. rent $420 N/A
Time on Market 82.4 days N/A
Gross Rental Yield Percent 3.98% N/A
demographics (median values)*
Total Population
24009
Weekly Household Income
832
Household Size
2.10
Age
56
Monthly Loan Repayment
1400
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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