If you compare the increase in value of investment property in Lake Illawarra, 2528 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.00%.
If we look at median property appreciation over just the last three months, Lake Illawarra has given property investors a paper return of 1.12%. This puts Suburb as 888 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Lake Illawarra are currently offering property investors an average price cut of -3.58% below the asking price at the moment.
Advertised rents are around the $410 mark per week – giving a return of 4.74% based on the median price in Suburb
Property investors who have had real estate in Lake Illawarra, 2528 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.36%
Lake Illawarra,2528 was ranked 157 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Lake Illawarra are currently offering property investors an average price cut of -2.53% below the asking price at the moment.
In the last year 37 properties changed hands in Lake Illawarra, which puts it as the 329th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 5.33%, investors should hope to achieve an overall return of 4.72%