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Lakewood
AREA REPORTS

Lakewood

Lakewood - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2443

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A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 4.23% growth over a ten-year period. It ranks 2139th on our list of suburbs that property investors should look into.

LAKEWOOD, 2443 has a capital gain of -1.89% for the past year, which is lower than average compared to its 32.65% growth within a five-year period.

With the median home price in LAKEWOOD sitting at $520,000, and the average rent at $440, property owners could potentially earn a 4.4% increase in gross rental yield.

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).

Data report can be found below

Lakewood
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $520,000 N/A
GROWTH REPORT
Median Quarterly 9.01% N/A
Median 12 month -1.89% N/A
Median 3 years 15.94% N/A
Median 5 years 32.65% N/A
10 years average annual 4.23% N/A
Weekly media advert. rent $440 N/A
Time on Market 44.8 days N/A
Gross Rental Yield Percent 4.4% N/A
demographics (median values)*
Total Population
8894
Weekly Household Income
781
Household Size
2.00
Age
59
Monthly Loan Repayment
1343
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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