Property investors who have had real estate in Lakewood, 2443 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.25%
Across a shorter period, Lakewood, 2443 has seen a median price increase of 1.67% over the last quarter.
Vendor discounting in Lakewood is giving property investors an average Vendor Discount of around -2.24%. This puts suburb at number 1193th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 2.43%, investors should hope to achieve an overall return of 5.07%