Suburb Profile Report for Lurnea NSW (2170)

Lurnea House: Median price $648,000, Annual capital growth 7.57%, Number of sales 103, Weekly median advertised rent $430

Lurnea Unit: Median price $520,000, Annual capital growth 7.89%, Number of sales 27, Weekly median advertised rent $413

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 8.00% for the last year, Lurnea, 2170 is the 1454th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Lurnea has given property investors a paper return of 2.05%. This puts Suburb as 478 on a list of fastest fasting appreciating suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Lurnea is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 200th in terms of most discounted suburbs in NSW

In the last year 103 properties changed hands in Lurnea, which puts it as the 269th most active market in NSW when comparing the number of sales per suburb.

Lurnea is 751th on a list of best yielding suburbs for rents in NSW with a 3.45% return

Investment property in Lurnea has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.66%

A 88.92% growth in median value for property investors in Lurnea,2170 puts this suburb at number 117th in terms of best performing suburbs in NSW

At number 223th of NSW’s most discounted properties, Lurnea is in the middle of the state/territory when listing in order of most discounted to least.

A $412.5 per week rent on the median house gives suburb investors a gross yield of circa 4.13%, without taking into account capital value appreciation, which has been averaging out at 7.89%.

HOUSE UNIT
$648,000 $520,000
2.05% 3.43%
8.00% 13.66%
7.57% 7.89%
$430 $413
103 27
3.45% 4.13%
84.13 30.57

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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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