Property value increases in Loftus have tracked just higher than the NSW average of 8.26% over the last 12 months.
Loftus,2232 was ranked 1053 in Australia by increase in median property value over the quarter.
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.
Using the current median advertised rental of $660 and the average annual increase in value of a median property of 7.29%, investors should hope to achieve an overall return of 3.34%
Property value increases in Loftus have tracked lower than the NSW average of 6.07% over the last 12 months.
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.