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Lake Heights
AREA REPORTS

Lake Heights

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

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LAKE HEIGHTS, 2502 ranks 1303rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 19.38% 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 $642,250.

The upward trend in home prices in LAKE HEIGHTS, 2502 averaged 2.5% per annum over a 3-year period.

Average weekly rents on listings have reached the $440 mark, reflecting a 3.56% increase in returns based on the current median price in LAKE HEIGHTS.

An average of 5 real estate transactions take place per month in LAKE HEIGHTS which translates to 60 per annum.

60 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 1048th 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 $642,250 $572,500
GROWTH REPORT
Median Quarterly 2.76% N/A
Median 12 month 19.38% N/A
Median 3 years 7.49% -0.87%
Median 5 years 31.07% 31.61%
10 years average annual 7.66% 9.68%
Weekly media advert. rent $440 $327.5
Time on Market 51.0 days 42.1 days
Gross Rental Yield Percent 3.56% 2.97%
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.
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