Suburb Profile Report for Lakewood NSW (2443)

Lakewood House: Median price $404,500, Annual capital growth 3.30%, Number of sales 34, Weekly median advertised rent $408

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

Source: CoreLogic

  • House Report

Investment property in Lakewood has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.25%

Comparing Lakewood,2443 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Lakewood is $404500, with sellers offering an average of -3.02% off the asking price.

A $407.5 per week rent on the median house gives suburb investors a gross yield of circa 5.24%, without taking into account capital value appreciation, which has been averaging out at 3.30%.

Metrics i HOUSE UNIT
$404,500 N/A
-3.00% N/A
0.25% N/A
3.30% N/A
$408 N/A
34 N/A
5.24% N/A
53.92 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 1317
Median household income ($/weekly) 707
Median age of persons 54
Median housing loan repayment ($/monthly) 1560
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 139 10.5
    45-54 years 138 10.5
    55-64 years 224 17.0
    65-74 years 242 18.4
    75-84 years 145 11.0
    Others 430 32.6
    Age Group
    Census Count Percent(%)
    Registered Married 627 60.7
    Not Married 320 31.0
    Defacto Relationship 86 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1114 87.0
    Greece 13 1.0
    Papua New Guinea 20 1.6
    United Kingdom 104 8.1
    Other 7 0.5
    Others 23 1.8
    Country of Birth
    Census Count Percent(%)
    Christianity 982 78.7
    No Religion 262 21.0
    Buddhism 3 0.2
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 59 11.9
    $400-$599 110 22.1
    $600-$799 91 18.3
    $800-$999 61 12.3
    $1,000-$1,249 46 9.3
    Others 130 26.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 672 62.3
    Employed, worked full-time 188 17.4
    Employed, worked part-time 138 12.8
    Unemployed, looking for work 51 4.7
    Employed, away from work 30 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 45 12.6
    Technicians & trades workers 61 17.1
    Community & personal service workers 52 14.6
    Sales 54 15.1
    Labourers 44 12.3
    Others 101 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 20 9.5
    Infants/Primary 89 42.2
    Secondary 68 32.2
    Technical or Further Educational Institution 17 8.1
    University or other Tertiary Institutions 11 5.2
    Others 6 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1234 96.0
    Caravan, cabin, houseboat 29 2.3
    Semi-detached, row or terrace house, townhouse 16 1.2
    Flat, unit or apartment 6 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 316 60.5
    Being purchased 117 22.4
    Rented 89 17.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals