Investment property in Lake Heights has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.84%
Across a shorter period, Lake Heights, 2502 has seen a median price increase of 0.95% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Lake Heights itself are offering an average vendor discount of -3.40% to real estate investors.
Often selling an investment property can take time, and in Lake Heights the average time real estate has been on the market is 62.95 days.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.69%, without taking into account capital value appreciation, which has been averaging out at 5.87%.
Property investors who have had real estate in Lake Heights, 2502 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.99%
Using the current median advertised rental of $440 and the average annual increase in value of a median property of -8.99%, investors should hope to achieve an overall return of 5.83%