Suburb Profile Report for Lurnea NSW (2170)

Lurnea House: Median price $648,000, Annual capital growth 7.40%, Number of sales 110, Weekly median advertised rent $430

Lurnea Unit: Median price $502,750, Annual capital growth 7.69%, Number of sales 29, Weekly median advertised rent $435

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Lurnea have tracked close to the NSW average of 7.15% over the last 12 months.

Over the longer term, Lurnea has seen property prices show investors a 56.14% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Lurnea 2170 should be seeing an average reduction in asking price of around -6.81% . This means that Lurnea is holding prices well when compared to other suburbs in NSW.

Lurnea is an average performer in NSW when comparing median price capital growth over the last year. Lurnea gave property investors a good capital gain figure when compared to the rest of the state, with 8.34%.

Across a shorter period, Lurnea, 2170 has seen a median price increase of -1.52% over the last quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Lurnea itself are offering an average vendor discount of -4.26% to real estate investors.

Lurnea, 2170’s gross rental yield is 4.50%

HOUSE UNIT
$648,000 $502,750
1.01% -1.52%
7.64% 8.34%
7.40% 7.69%
$430 $435
110 29
3.45% 4.50%
81.59 36.21

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 8610
Median household income ($/weekly) 883
Median age of persons 32
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    5-14 years 1393 16.2
    25-34 years 1214 14.1
    35-44 years 1129 13.1
    45-54 years 1041 12.1
    55-64 years 788 9.2
    Others 3044 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 2931 47.7
    Not Married 2893 47.1
    Defacto Relationship 323 5.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4809 59.3
    Former Yugoslav Republic of Macedonia 204 2.5
    Ireland 373 4.6
    Malaysia 496 6.1
    Other 712 8.8
    Others 1517 18.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 244 3.0
    Christianity 4783 59.2
    Islam 1969 24.4
    Other Religious Groups 275 3.4
    No Religion 600 7.4
    Others 211 2.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 236 9.7
    $400-$599 351 14.5
    $600-$799 320 13.2
    $1,000-$1,249 246 10.1
    $1,500-$1,999 241 9.9
    Others 1035 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3026 49.4
    Employed, worked full-time 1827 29.8
    Employed, worked part-time 725 11.8
    Unemployed, looking for work 350 5.7
    Employed, away from work 195 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 289 10.5
    Technicians & trades workers 477 17.4
    Clerical & administrative workers 430 15.7
    Machinery operators & drivers 374 13.6
    Labourers 372 13.5
    Others 805 29.3
    Occupation
    Census Count Percent(%)
    Pre-school 146 6.9
    Infants/Primary 793 37.2
    Secondary 654 30.7
    Technical or Further Educational Institution 241 11.3
    University or other Tertiary Institutions 252 11.8
    Others 43 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6777 81.5
    Semi-detached, row or terrace house, townhouse 1427 17.2
    Flat, unit or apartment 109 1.3
    House or flat attached to a shop, office 4 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1003 37.9
    Being purchased 894 33.7
    Fully owned 740 27.9
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals