If you compare the increase in value of investment property in Lake Heights, 2502 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 18.95%.
While Lake Heights,2502 ranked number 567th in NSW for increase in median house value (annualised) increase, it is ranked 283th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Lake Heights itself are offering an average vendor discount of -4.96% to real estate investors.
Advertised rents are around the $440 mark per week – giving a return of 4.05% based on the median price in Suburb
NSW has seen average median house prices change by 8.63% which means that Lake Heights, 2502 has done well for property investors by showing a capital gain of 10.59% over the last year
Property investors should expect to get $450 weekly from the median priced house in this suburb.