Giving property investors a a stable capital gain of 12.50% for the last year, Loftus, 2232 is the 928th highest performer in Australia in this respect.
The five-year average increase in median property values for Loftus,2232 has given property investors a potential capital gain of 72.50% across each of those five years.
Sellers are offering property buyers an average discount of -4.62% to buyers in Loftus at the moment, which is less than average for the rest of NSW.
Residents and property investors in Loftus have been waiting around 59.37 days to sell a property.
A $665 per week rent on the median house gives suburb investors a gross yield of circa 3.34%, without taking into account capital value appreciation, which has been averaging out at 7.38%.
If you compare the increase in value of investment property in Loftus, 2232 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 0.06%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Loftus has increased when compared to the 5 year average annual rate.
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.