With a capital gain of 5.02% for the last 12 months, Lake Illawarra, 2528 has performed for property investments than its average annual 4.61% property growth over the last 5 years.
Lake Illawarra2528 is located in NSW which offers an average discount of -5.53% to property investors. Lake Illawarra itself is showing figures that indicate -7.94% is the average achievable by property buyers investing in the suburb.
At number 596 in a list of fastest selling suburbs, Lake Illawarra is in the TOP 20% of suburbs in Australia with an average of days on market 51.62 for properties listed there.
Lake Illawarra, 2528’s gross rental yield is 4.85%
Lake Illawarra is an average performer in NSW when comparing median price capital growth over the last year. Lake Illawarra gave property investors a good capital gain figure when compared to the rest of the state, with 8.96%.
The five-year average increase in median property values for Lake Illawarra,2528 has given property investors a potential capital gain of 50.52% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lake Illawarra, 2528. Typically our figures indicate that -3.24% is being offered, which puts this NSW suburb at 1278th most discounted overall in Australia.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 5.13%, without taking into account capital value appreciation, which has been averaging out at 3.54%.