‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
The suburb’s capital gain of 11.17% for the past year is higher than average compared to its 53.69% growth within a five-year period.
Also in LITHGOW, the median home price is sitting at $333,500, and the average rent at $300, this suggests property owners could potentially earn a 4.68% increase in gross rental yield.
Property investors have seen a 1.06% gain in LITHGOW based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on LITHGOW, 2790 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 11.17%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.53% growth over a ten-year period. It ranks 1421st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $333,500 | $309,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.06% | -3.28% |
| Median 12 month | 11.17% | 5.81% |
| Median 3 years | 28.76% | N/A |
| Median 5 years | 53.69% | N/A |
| 10 years average annual | 5.53% | -1.75% |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 71.6 days | 0.0 days |
| Gross Rental Yield Percent | 4.68% | N/A |
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