Powered by MOMENTUM MEDIA
smart property investment logo
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 50.13% for the past year.

Investors saw the median home price rise to $707,500.

Profits due to an upward trend in home prices in the suburb averaged 16.47% per annum over a 3-year period.

SMITHS LAKE now ranks at the 364th 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 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 $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 SMITHS LAKE, homes and units usually stay on listing for an average of 40.5 days.

In 2016, 89 properties were sold in SMITHS LAKE during the past year, making it the 73rd 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 $707,500 N/A
GROWTH REPORT
Median Quarterly 8.85% N/A
Median 12 month 50.13% N/A
Median 3 years 49.42% N/A
Median 5 years 72.35% N/A
10 years average annual 9.56% N/A
Weekly media advert. rent $430 N/A
Time on Market 40.5 days N/A
Gross Rental Yield Percent 3.16% 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.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.