Powered by MOMENTUM MEDIA
smart property investment logo
Lake Heights
AREA REPORTS

Lake Heights

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

house
unit

LAKE HEIGHTS, 2502 ranks 2216th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.21% 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 $740,000.

The upward trend in home prices in LAKE HEIGHTS, 2502 averaged 11.52% per annum over a 3-year period.

Average weekly rents on listings have reached the $470 mark, reflecting a 3.3% increase in returns based on the current median price in LAKE HEIGHTS.

An average of 5.42 real estate transactions take place per month in LAKE HEIGHTS which translates to 65 per annum.

65 properties were sold in LAKE HEIGHTS in 2016, making it the 265th most active market in NSW based on total real estate transactions.

LAKE HEIGHTS, 2502 places 568th in Australia based on median property value growth during the quarter.

Data report can be found below

Lake Heights
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $740,000 $560,000
GROWTH REPORT
Median Quarterly 6.86% 0%
Median 12 month 21.21% N/A
Median 3 years 34.55% -0.88%
Median 5 years 45.1% 42.68%
10 years average annual 9.5% 7%
Weekly media advert. rent $470 $345
Time on Market 32.7 days 34.5 days
Gross Rental Yield Percent 3.3% 3.2%
demographics (median values)*
Total Population
12438
Weekly Household Income
918
Household Size
2.60
Age
40
Monthly Loan Repayment
1602
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.