Suburb Profile Report for Lake Heights NSW (2502)

Lake Heights House: Median price $476,500, Annual capital growth 5.87%, Number of sales 78, Weekly median advertised rent $430

Lake Heights Unit: Median price $392,500, Annual capital growth -8.99%, Number of sales 11, Weekly median advertised rent $440

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$476,500 $392,500
0.95% -7.65%
6.84% -8.99%
5.87% -8.99%
$430 $440
78 11
4.69% 5.83%
62.95 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 3260
Median household income ($/weekly) 895
Median age of persons 41
Median housing loan repayment ($/monthly) 1850
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 374 11.5
    25-34 years 428 13.1
    35-44 years 386 11.8
    45-54 years 425 13.0
    55-64 years 365 11.2
    Others 1281 39.3
    Age Group
    Census Count Percent(%)
    Registered Married 1202 48.4
    Not Married 1072 43.2
    Defacto Relationship 208 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1953 64.1
    Germany 184 6.0
    Japan 147 4.8
    United Kingdom 104 3.4
    Other 338 11.1
    Others 321 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 1.0
    Christianity 2485 82.2
    Islam 127 4.2
    Other Religious Groups 7 0.2
    No Religion 373 12.3
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 115 10.4
    $400-$599 185 16.8
    $600-$799 112 10.2
    $1,000-$1,249 125 11.3
    $1,500-$1,999 126 11.4
    Others 440 39.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1211 47.9
    Employed, worked full-time 724 28.7
    Employed, worked part-time 354 14.0
    Unemployed, looking for work 135 5.3
    Employed, away from work 103 4.1
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 214 18.1
    Clerical & administrative workers 165 13.9
    Sales 137 11.6
    Machinery operators & drivers 142 12.0
    Labourers 173 14.6
    Others 352 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 61 10.1
    Infants/Primary 215 35.8
    Secondary 183 30.4
    Technical or Further Educational Institution 74 12.3
    University or other Tertiary Institutions 53 8.8
    Others 15 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2732 88.8
    Flat, unit or apartment 250 8.1
    Semi-detached, row or terrace house, townhouse 72 2.3
    House or flat attached to a shop, office 22 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 569 47.9
    Being purchased 342 28.8
    Rented 272 22.9
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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