Lakemba, 2195 ranked 1285th in NSW when comparing growth in median property values or capital gain over the last 12 months. Lakemba is one of 3163 in our list for NSW
Over the longer term, Lakemba has seen property prices show investors a 58.35% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Lakemba itself are offering an average vendor discount of -4.11% to real estate investors.
Often selling an investment property can take time, and in Lakemba the average time real estate has been on the market is 102.6 days.
Lakemba, 2195’s gross rental yield is 2.86%
Lakemba has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.29% to date .
Over the longer term, Lakemba has seen property prices show investors a 32.47% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Lakemba is giving property investors an average Vendor Discount of around -6.36%. This puts suburb at number 52th in NSW when ranking the most discounted suburbs.
The NSW suburb of Lakemba, 2195 is in the Canterbury local government area.
Lakemba is well known for its vibrant multicultural mix, being a popular destination for overseas migrants. There’s also a wide range of shopping amenities along Haldon Street and residents enjoy a large selection of restaurants in the area
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Lakemba is well known for its vibrant multicultural mix, being a popular destination for overseas migrants – particularly those from Lebanon. The suburb’s desirability is hardly surprising given its proximity to the Sydney CBD: it's only 30 minutes away via train or bus. There’s also a wide range of shopping amenities along Haldon Street and residents enjoy a large selection of restaurants in the area.
But the most attractive feature for the suburb is affordability. The median unit price is about half the figure for Sydney. For those looking to get into the property market, this is indeed an appealing option. For property investors, this also means the potential for cash flow neutral or even positive investment.
“Lakemba used to be seen as a high crime area, and the train station has been covered with graffiti, but it's gradually changing its character,” says www.propertybuyer.com.au CEO Rich Harvey. “It’s located toward the outer ring, but it offers attractive price points for property buyers.”