Suburb Profile Report for Lake Haven NSW (2263)

Lake Haven House: Median price $468,000, Annual capital growth 5.34%, Number of sales 70, Weekly median advertised rent $380

Lake Haven Unit: Median price $408,000, Annual capital growth 12.51%, Number of sales 15, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Lake Haven, 2263 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.73%.

When looking at the potential capital gains offered to property investors over the last 3 years, Lake Haven comes in at number 475th in NSW.

Property buyers and investors in Lake Haven 2263 should be seeing an average reduction in asking price of around -3.63% . This means that Lake Haven is holding prices well when compared to other suburbs in NSW.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

At number 55th in the list of Australian suburbs ordered by increase in median house value over the last year, Lake Haven, 2263 is in the top 10% with a property value increase of 25.15% recorded in median house prices.

Property investors looking for a bargain in Lake Haven should be aiming for at least -2.27% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Lake Haven the average time real estate has been on the market is 45.9 days.

Situated 59.29km from the CBD, Lake Haven is one of Wyong localities in the postcode 2263.

HOUSE UNIT
$468,000 $408,000
2.86% 0.49%
6.73% 25.15%
5.34% 12.51%
$380 N/A
70 15
4.22% N/A
49.39 45.9

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3368
Median household income ($/weekly) 698
Median age of persons 47
Median housing loan repayment ($/monthly) 1595
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 375 11.1
    35-44 years 350 10.4
    45-54 years 446 13.2
    55-64 years 454 13.5
    65-74 years 403 12.0
    Others 1341 39.8
    Age Group
    Census Count Percent(%)
    Not Married 1243 48.3
    Registered Married 1130 43.9
    Defacto Relationship 199 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2684 84.0
    Netherlands 21 0.7
    Papua New Guinea 89 2.8
    United Kingdom 187 5.9
    Other 58 1.8
    Others 156 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 0.7
    Christianity 2592 83.5
    Islam 12 0.4
    Other Religious Groups 17 0.5
    No Religion 453 14.6
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 203 16.4
    $400-$599 230 18.6
    $600-$799 172 13.9
    $800-$999 109 8.8
    $1,500-$1,999 107 8.7
    Others 415 33.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1427 53.6
    Employed, worked full-time 676 25.4
    Employed, worked part-time 377 14.2
    Unemployed, looking for work 102 3.8
    Employed, away from work 78 2.9
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 177 15.7
    Community & personal service workers 136 12.0
    Clerical & administrative workers 160 14.2
    Sales 168 14.9
    Labourers 140 12.4
    Others 349 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 46 7.0
    Infants/Primary 238 36.4
    Secondary 227 34.7
    Technical or Further Educational Institution 78 11.9
    University or other Tertiary Institutions 56 8.6
    Others 9 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2580 82.0
    Semi-detached, row or terrace house, townhouse 356 11.3
    Flat, unit or apartment 212 6.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 510 38.0
    Rented 439 32.7
    Being purchased 344 25.7
    Other tenure type 48 3.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals