East Lismore

POSTAL CODE: NSW, 2480

HOUSE

UNIT

EAST LISMORE, 2480 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 EAST LISMORE, 2480 values up and netting property investors a capital gain of 14.35% for the past year.

Investors saw the median home price rise to $617,500.

Profits due to an upward trend in home prices in the suburb averaged 0.97% per annum over a 3-year period.

EAST LISMORE now ranks at the 1041st 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 EAST LISMORE 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 $620 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 EAST LISMORE, homes and units usually stay on listing for an average of 82.5 days.

In 2016, 120 properties were sold in EAST LISMORE during the past year, making it the 1305th most active market in NSW based on total real estate transactions.

EAST LISMORE ranks 518th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

EAST LISMORE, 2480 has a capital gain of 7.84% for the past year, which is lower than average compared to its 90% growth within a five-year period.

With the median home price in EAST LISMORE sitting at $399,000, and the average rent at $390, property owners could potentially earn a 5.08% increase in gross rental yield.

Property investors have seen a -1.48% drop in EAST LISMORE based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that EAST LISMORE, 2480 obtained a 31.59% growth over a ten-year period. It ranks 1101st on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$617,500	$399,000
Growth Report
Median Quarterly	-0.8%	-1.48%
Median 12 month	14.35%	7.84%
Median 3 years	2.92%	0%
Median 5 years	40.34%	90%
10 years average annual	7.22%	31.59%
Weekly media advert. rent	$620	$390
Time on Market	82.5 days	N/A
Gross Rental Yield Percent	5.22%	5.08%

Demographics (Median Values)*

Total Population 44599

Weekly Household Income 1069

Household Size 2.40

Average Age 43

Monthly Loan Repayment 1430

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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