Property value increases in Lake Heights have tracked just higher than the NSW average of 9.74% over the last 12 months.
The five-year average increase in median property values for Lake Heights,2502 has given property investors a potential capital gain of 75.97% across each of those five years.
Lake Heights2502 is located in NSW which offers an average discount of -5.35% to property investors. Lake Heights itself is showing figures that indicate -4.74% is the average achievable by property buyers investing in the suburb.
In the last year 68 properties changed hands in Lake Heights, which puts it as the 487th most active market in NSW when comparing the number of sales per suburb.
A $445 per week rent on the median house gives suburb investors a gross yield of circa 4.24%, without taking into account capital value appreciation, which has been averaging out at 7.29%.
Lake Heights has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.41% to date .
Lake Heights,2502 was ranked 390 in Australia by increase in median property value over the quarter.
Situated 43.74km from the CBD, Lake Heights is one of Wollongong localities in the postcode 2502.