Property value increases in Lurnea have tracked close to the NSW average of 7.47% over the last 12 months.
The five-year average increase in median property values for Lurnea,2170 has given property investors a potential capital gain of 82.19% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Lurnea is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 171th in terms of most discounted suburbs in NSW
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.36%, without taking into account capital value appreciation, which has been averaging out at 8.13%.
Over the last year, property investments in Lurnea, 2170 have given investors a capital gain of 14.58%. This compares very favourably with the 5.88% for NSW as a whole.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lurnea, 2170. Typically our figures indicate that -4.57% is being offered, which puts this NSW suburb at 933th most discounted overall in Australia.
Property investors should expect to get $420 weekly from the median priced house in this suburb.