Property value increases in Lurnea have tracked just lower than the NSW average of 6.87% over the last 12 months.
While Lurnea,2170 ranked number 991th in NSW for increase in median house value (annualised) increase, it is ranked 172th over the last 5 years.
The most recent median price for Lurnea is $650000, with sellers offering an average of -7.55% off the asking price.
At number 2255 in a list of fastest selling suburbs, Lurnea is just in the bottom half of suburbs in Australia with an average of days on market 90.5 for properties listed there.
Lurnea, 2170’s gross rental yield is 3.44%
At number 174th in the list of Australian suburbs ordered by increase in median house value over the last year, Lurnea, 2170 is in the top 10% with a property value increase of 15.79% recorded in median house prices.
If we look at median property appreciation over just the last three months, Lurnea has given property investors a paper return of 9.40%. This puts Suburb as 38 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Lurnea 2170 should be seeing an average reduction in asking price of around -5.14% . This means that Lurnea is holding prices well when compared to other suburbs in NSW.
Lurnea is 343th on a list of best yielding suburbs for rents in NSW with a 3.95% return