Lawrence

LAWRENCE, 2460 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 $389,500.

Profits due to an upward trend in home prices in the suburb averaged 0.09% per annum over a 3-year period.

LAWRENCE now ranks at the 1248th 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 LAWRENCE 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 $365 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 LAWRENCE, homes and units usually stay on listing for an average of 93.8 days.

In 2016, 34 properties were sold in LAWRENCE during the past year, making it the 640th most active market in NSW based on total real estate transactions.