LAKE HEIGHTS, 2502 ranks 1303rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 11.17% 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 $572,500.
The upward trend in home prices in LAKE HEIGHTS, 2502 averaged 18.45% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 4.09% increase in returns based on the current median price in LAKE HEIGHTS.
An average of 6.25 real estate transactions take place per month in LAKE HEIGHTS which translates to 75 per annum.
75 properties were sold in LAKE HEIGHTS in 2016, making it the 143rd most active market in NSW based on total real estate transactions.
LAKE HEIGHTS, 2502 places 729th in Australia based on median property value growth during the quarter.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $530,000.
Average median unit prices in NSW have risen as a whole, pulling LAKE HEIGHTS, 2502 values up and netting property investors a capital gain of 12.77% for the past year.
Investors saw the median home price rise to $530,000.
The upward trend in home prices in LAKE HEIGHTS, 2502 averaged 13.16% per annum over a 3-year period.
Real estate investors could earn a rental income of $470 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In LAKE HEIGHTS, homes and units usually stay on listing for an average of 21.1 days.
10 properties were sold in LAKE HEIGHTS in 2016, making it the 621st most active market in NSW based on total real estate transactions.
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