NSW has seen average median house prices change by 6.38% which means that Lake Munmorah, 2259 has done well for property investors by showing a capital gain of 11.69% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lake Munmorah has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Lake Munmorah itself are offering an average vendor discount of -4.69% to real estate investors.
Lake Munmorah, 2259’s gross rental yield is 4.60%