NSW/
Lake heights

Suburb Profile

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

house

LAKE HEIGHTS, 2502 ranks 551st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.79% for property investors.

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 $569,000.

The upward trend in home prices in LAKE HEIGHTS, 2502 averaged 19.5% per annum over a 3-year period.

Average weekly rents on listings have reached the $440 mark, reflecting a 4.02% increase in returns based on the current median price in LAKE HEIGHTS.

An average of 5.75 real estate transactions take place per month in LAKE HEIGHTS which translates to 69 per annum.

69 properties were sold in LAKE HEIGHTS in 2016, making it the 181st most active market in NSW based on total real estate transactions.

LAKE HEIGHTS, 2502 places 479th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $569,000 N/A
GROWTH REPORT
Median Quarterly 3.3% N/A
Median 12 month 18.79% N/A
Median 3 years 58.5% N/A
Median 5 years 83.55% N/A
10 years average annual 8.63% N/A
Weekly media advert. rent $440 N/A
Time on Market 37.5 days N/A
Gross Rental Yield Percent 4.02% N/A
demographics (median values)
Total Population
2923
Weekly Household Income
729.8
Household Size
2.40
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