Property value increases in Lake Illawarra have tracked just lower than the NSW average of 8.26% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lake Illawarra has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Lake Illawarra is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1018th in terms of most discounted suburbs in NSW
Property investors should expect to get $415 weekly from the median priced house in this suburb.
With a capital gain of -6.33% for the last 12 months, Lake Illawarra, 2528 has performed for property investments than its average annual 4.78% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Lake Illawarra has given property investors a paper return of -6.57%. This puts Suburb as 525 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Lake Illawarra is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 391th in terms of most discounted suburbs in NSW
With the median price for a house in Lake Illawarra being $370000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 5.06%