At number 604th in the list of Australian suburbs ordered by increase in median house value over the last year, Loftus, 2232 is in the top 20% with a property value increase of 16.41% recorded in median house prices.
Across a shorter period, Loftus, 2232 has seen a median price increase of 7.10% over the last quarter.
Property buyers and investors in Loftus 2232 should be seeing an average reduction in asking price of around -4.62% . This means that Loftus is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
Loftus, 2232’s gross rental yield is 3.23%
Over the last year, property investments in Loftus, 2232 have given investors a capital gain of 9.08%. This compares favourably with the 6.96% for NSW as a whole.
A 57.27% growth in median value for property investors in Loftus,2232 puts this suburb at number 132th in terms of best performing suburbs in NSW
The NSW suburb of Loftus, 2232 is in the Sutherland Shire local government area.
Sutherland Shire suburb Loftus may not be a locale that appeals to those who want to be in the middle of things, being situated 26km from the Sydney CBD, but it’s an area with investment potential. Full summary
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Sutherland Shire suburb Loftus may not be a locale that appeals to those who want to be in the middle of things, being situated 26km from the Sydney CBD, but it’s an area with investment potential.
Most famous for being the home of the Sydney Tramway Museum, it’s positioned on the edge of the Royal National Park and offers impressive bush views for many properties. While it’s fairly sparse amenity-wise, with a few shops near the rail station and the museum, it is also home to a TAFE campus and a small campus of the University of Wollongong. There is a primary school in the suburb, as well as sporting facilities. Further amenities are available in Sutherland, a short drive or rail journey north.
The suburb is largely made up of freestanding houses, and access to both the CBD and Wollongong is provided by regular rail services. The Princes Highway also runs through the suburb. It’s a family suburb, although there is a reasonable rental population: around 22% of properties are rented. Rental yields are solid, and vacancy rates low.
The suburb is one of the most affordable in the Shire, but still attracts an affluent demographic: average weekly incomes are around $400pw more than the NSW average.
That relative affordability combined with the bushland feel of the suburb may be contributing to its robust population growth over the last few years – which is projected to continue at a rate of 2% a year for the next few years.