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AREA REPORTS

Lake Illawarra

Lake Illawarra - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2528

house
unit

Property investments in LAKE ILLAWARRA fare well against the rest of the country last year, registering a median home price increase of 1.23%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains LAKE ILLAWARRA, 2528 saw average growth in the long term.

Real estate investors could earn a rental income of $430 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 43.0 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $536,500.

LAKE ILLAWARRA ranks 284th on the list of best yielding suburbs for rental properties in NSW, posting a 4.17% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $536,500 $462,500
GROWTH REPORT
Median Quarterly 7.3% 6.81%
Median 12 month 1.23% 6.69%
Median 3 years -8.29% -9.31%
Median 5 years 21.93% 29.37%
10 years average annual 6.88% 6.58%
Weekly media advert. rent $430 $362.5
Time on Market 43.0 days 69.4 days
Gross Rental Yield Percent 4.17% 4.08%
demographics (median values)
Total Population
3123
Weekly Household Income
593.6
Household Size
2.20
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