Advantages of a buyer’s agent in a challenging market
As the property market continues to show strong growth due to undersupply, low credit and a strong case of FOMO, it is becoming tougher for ...
Property investors enjoyed capital gains of 21.6% over the last 12 months in LAKEWOOD, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.18% growth over a ten-year period. It ranks 1178th on our list of suburbs that property investors should look into.
LAKEWOOD, 2443 has a capital gain of 21.6% for the past year, which is higher than average compared to its 61.78% growth within a five-year period.
With the median home price in LAKEWOOD sitting at $546,000, and the average rent at $420, property owners could potentially earn a 4% increase in gross rental yield.
A 21.6% increase in median property prices in LAKEWOOD, 2443 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 33rd.
Figures from the previous quarter show that capital gains for real estate buyers in LAKEWOOD are high, as opposed to average gains per annum over the past five years.
LAKEWOOD, 2443 in NSW belongs to the local government area of Port Macquarie-Hastings (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $546,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 15.92% | N/A |
| Median 12 month | 21.6% | N/A |
| Median 3 years | 28.93% | N/A |
| Median 5 years | 61.78% | N/A |
| 10 years average annual | 6.18% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 98.0 days | N/A |
| Gross Rental Yield Percent | 4% | N/A |
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