Property investors who have had real estate in Lake Illawarra, 2528 should be ok 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 4.10%
A 52.35% growth in median value for property investors in Lake Illawarra,2528 puts this suburb at number 475th in terms of best performing suburbs in NSW
At number 1038th of NSW’s most discounted properties, Lake Illawarra is in the TOP 20% of the state/territory when listing in order of most discounted to least.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.43%, without taking into account capital value appreciation, which has been averaging out at 6.81%.
With a capital gain of 5.70% for the last 12 months, Lake Illawarra, 2528 has performed for property investments than its average annual 5.44% property growth over the last 5 years.
The five-year average increase in median property values for Lake Illawarra,2528 has given property investors a potential capital gain of 66.04% across each of those five years.
At number 362th of NSW’s most discounted properties, Lake Illawarra is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 5.44%, investors should hope to achieve an overall return of 4.70%