Property investors who have had real estate in Lake Cathie, 2445 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 13.20%
Comparing Lake Cathie,2445 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.28% offered to property buyers. Sellers in Lake Cathie itself are offering an average vendor discount of -3.23% to real estate investors.
On average over the past year, suburb has had 5.75 sales per month, which equates to 69 per year.
Advertised rents are around the $415 mark per week – giving a return of 3.93% based on the median price in Suburb
Renters in Suburb are facing rents around $3630 per annum or $302.5 every week.