Lakemba, 2195 ranked 484th in NSW when comparing growth in median property values or capital gain over the last 12 months. Lakemba is one of 3162 in our list for NSW
A 86.00% growth in median value for property investors in Lakemba,2195 puts this suburb at number 1157th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Lakemba is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 1059th in terms of most discounted suburbs in NSW
Lakemba, 2195’s gross rental yield is 2.91%
If you compare the increase in value of investment property in Lakemba, 2195 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.30%.
The five-year average increase in median property values for Lakemba,2195 has given property investors a potential capital gain of 55.84% across each of those five years.
Sellers are offering property buyers an average discount of -5.99% to buyers in Lakemba at the moment, which is less than average for the rest of NSW.
Situated 13.58km from the CBD, Lakemba is one of Canterbury localities in the postcode 2195.
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.”