If you compare the increase in value of investment property in Lake Heights, 2502 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 9.28%.
If we look at median property appreciation over just the last three months, Lake Heights has given property investors a paper return of 7.03%. This puts Suburb as 196 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Lake Heights should be aiming for at least -3.75% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 68 properties changed hands in Lake Heights, which puts it as the 481th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Lake Heights, 2502 is in the Wollongong local government area.
Investment property in Lake Heights has done 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 -14.94%