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Property investors enjoyed capital gains of 4.42% over the last 12 months in LAPSTONE, translating to lower returns compared with its peers in NSW.
The suburb posted a 27.34% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $570 based on current median home prices for the suburb.
On average, rents on listings have reached the $570 mark, reflecting a 3.64% increase in returns based on the current median price in LAPSTONE.
LAPSTONE, 2773 ranks 664th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 477th on the list of best yielding suburbs for rental properties in NSW, posting a 3.64% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $815,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.32% | N/A |
| Median 12 month | 4.42% | N/A |
| Median 3 years | 27.34% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 6.97% | N/A |
| Weekly media advert. rent | $570 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.64% | N/A |
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