Over the last year, property investments in Loftus, 2232 have given investors a capital gain of 2.42%. This compares badly with the 6.38% for NSW as a whole.
If we look at median property appreciation over just the last three months, Loftus has given property investors a paper return of 2.42%. This puts Suburb as 541 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Loftus should be aiming for at least -6.61% off the asking price, which is the average vendor discount being achieved at the moment.
Investment property in Loftus has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.60%
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.