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AREA REPORTS

Lake Heights

Suburb Profile

Lake Heights - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2502

house

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also 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 $550,000.

The upward trend in home prices in LAKE HEIGHTS, 2502 averaged 2.27% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 4.25% increase in returns based on the current median price in LAKE HEIGHTS.

An average of 4.75 real estate transactions take place per month in LAKE HEIGHTS which translates to 57 per annum.

57 properties were sold in LAKE HEIGHTS in 2016, making it the 286th most active market in NSW based on total real estate transactions.

LAKE HEIGHTS, 2502 places 507th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $550,000 N/A
GROWTH REPORT
Median Quarterly 1.85% N/A
Median 12 month 0% N/A
Median 3 years 6.8% N/A
Median 5 years 49.05% N/A
10 years average annual 7.35% N/A
Weekly media advert. rent $450 N/A
Time on Market 117.1 days N/A
Gross Rental Yield Percent 4.25% N/A
demographics (median values)
Total Population
2923
Weekly Household Income
729.8
Household Size
2.40
demographics
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Age group
Top 10 Birth Countries
Dwelling Structures
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Household Income
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