How long can ‘JobKeepers’ afford their rent?
Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...
Subscribe to our newsletter
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.
| 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 |
Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...
The government has unveiled its previously announced commercial leasing code of conduct, which aims to protect tenants and landlords facing ...
With a recession seemingly imminent, many investors are understandably concerned as they’ve seen their share investments drop in value, wr...
Australian landlords and tenants could be treated differently during COVID-19 depending on their location in Australia, it’s been revealed...
The whole world halted in March with the emergence of an unprecedented health crisis. How will the Sydney property market fare moving forwar...
New research has highlighted how the nation’s rural markets are performing amid the coronavirus pandemic. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
