Property investments in LAKE ILLAWARRA fare well against the rest of the country last year, registering a median home price increase of 23.4%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, 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 $450 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 46.4 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 $580,000.
LAKE ILLAWARRA ranks 354th on the list of best yielding suburbs for rental properties in NSW, posting a 4.03% return.
LAKE ILLAWARRA, 2528 ranks 83rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 24.84% for property investors last year.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in LAKE ILLAWARRA, 2528 averaged 18.73% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 3.97% increase in returns based on the current median price in LAKE ILLAWARRA.
An average of 3.5 real estate transactions take place per month in LAKE ILLAWARRA which translates to 42 per annum.
42 properties were sold in LAKE ILLAWARRA during the past year, making it the 161st most active market in NSW based on total real estate transactions.
LAKE ILLAWARRA, 2528 places 363rd in Australia based on median property value growth during the quarter.
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