AREA REPORTS

Lake Heights

 

 

NSW/
Lake heights

Suburb Profile

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

house
unit

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 5.76% 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 6.58 real estate transactions take place per month in LAKE HEIGHTS which translates to 79 per annum.

79 properties were sold in LAKE HEIGHTS in 2016, making it the 114th most active market in NSW based on total real estate transactions.

LAKE HEIGHTS, 2502 places 1293rd 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 $585,000
GROWTH REPORT
Median Quarterly -10.93% 1.3%
Median 12 month -3.42% N/A
Median 3 years 17.27% 34.48%
Median 5 years 53.2% N/A
10 years average annual 6.91% 4.94%
Weekly media advert. rent $450 $330
Time on Market 74.9 days 0.0 days
Gross Rental Yield Percent 4.25% 2.93%
demographics (median values)
Total Population
2923
Weekly Household Income
729.8
Household Size
2.40
demographics
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