Property investors who have had real estate in Loftus, 2232 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.62%
Across a shorter period, Loftus, 2232 has seen a median price increase of 7.07% over the last quarter.
Our latest figures would indicate that property sellers in Loftus are currently offering property investors an average price cut of -6.81% below the asking price at the moment.
Loftus is 688th on a list of best yielding suburbs for rents in NSW with a 3.54% return
Investment property in Loftus has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.26%
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.