Suburb Profile Report for Lurnea NSW (2170)

Lurnea House: Median price $650,000, Annual capital growth 7.46%, Number of sales 112, Weekly median advertised rent $430

Lurnea Unit: Median price $540,000, Annual capital growth 8.23%, Number of sales 37, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1912th in the list of Australian suburbs ordered by increase in median house value over the last year, Lurnea, 2170 is in the top half with a property value increase of 4.84% recorded in median house prices.

The five-year average increase in median property values for Lurnea,2170 has given property investors a potential capital gain of 77.32% across each of those five years.

Lurnea, 2170 is offering NSW ‘s 170th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

Often selling an investment property can take time, and in Lurnea the average time real estate has been on the market is 85.48 days.

Renters in Suburb are facing rents around $5160 per annum or $430 every week.

Property value increases in Lurnea have tracked higher than the NSW average of 5.59% over the last 12 months.

Lurnea,2170 has offered an average of 13.68% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Lurnea is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 104th in terms of most discounted suburbs in NSW

HOUSE UNIT
$650,000 $540,000
1.33% 3.85%
4.84% 13.68%
7.46% 8.23%
$430 $410
112 37
3.44% 3.95%
85.48 38.18

Source: CoreLogic

DSR Score for property investment : Above average (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
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Recent sales & rentals