Investment property in Lemon Tree Passage has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 29.00%
The five-year average increase in median property values for Lemon Tree Passage,2319 has given property investors a potential capital gain of 18.17% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Lemon Tree Passage is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 802th in terms of most discounted suburbs in NSW
At number 2665 in a list of fastest selling suburbs, Lemon Tree Passage is in the bottom 30% of suburbs in Australia with an average of days on market 100.83 for properties listed there.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.09%, investors should hope to achieve an overall return of 4.84%
Advertised rents are around the $330 mark per week – giving a return of 7.46% based on the median price in Suburb