Suburb Profile Report for Lugarno NSW (2210)

Lugarno House: Median price $1,120,000, Annual capital growth 5.81%, Number of sales 63, Weekly median advertised rent $650

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Lugarno has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -11.98% to date .

Lugarno,2210 has offered an average of -11.98% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Lugarno should be aiming for at least -7.80% off the asking price, which is the average vendor discount being achieved at the moment.

A $650 per week rent on the median house gives suburb investors a gross yield of circa 3.02%, without taking into account capital value appreciation, which has been averaging out at 5.81%.

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Lugarno, NSW – Rental market gets some wiggle room

Postcode: 2210

Median house price: $1,200,000

Vacancy rate: 1.1%

Three-year growth: 3.0%

The suburb of Lugarno is located within the Georges River Council LGA, although it is often mistaken as a part of the Sutherland Shire. It is known for its bushlands and parks, namely, Georges River National Park, the CF Williams Reserve and HV Evatt Park.

Over August 2018-2019, vacancy rates loosened from an average of 0.3% to 1.1%.

Lugarno sits on the Georges River’s northern bank and was named for Switzerland’s Lake Lugano back in the 1840s. Its commercial area may not be a bustling one, but it caters to residents; needs with an IGA supermarket, takeaways, cafes and a convenience store. There is also a dental and medical centre at the Lime Kiln collection of shops.

Metrics i HOUSE UNIT
$1,120,000 N/A
-3.43% N/A
-11.98% N/A
5.81% N/A
$650 N/A
63 N/A
3.02% N/A
94 N/A

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5551
Median household income ($/weekly) 1811
Median age of persons 43
Median housing loan repayment ($/monthly) 2500
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 739 13.3
    35-44 years 721 13.0
    45-54 years 857 15.4
    55-64 years 747 13.5
    65-74 years 576 10.4
    Others 1911 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 2727 62.9
    Not Married 1425 32.8
    Defacto Relationship 186 4.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4295 79.8
    Croatia 132 2.5
    Hong Kong 66 1.2
    United Kingdom 182 3.4
    Other 153 2.8
    Others 557 10.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 84 1.6
    Christianity 4402 82.9
    Islam 82 1.5
    Other Religious Groups 17 0.3
    No Religion 706 13.3
    Others 17 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 165 9.9
    $2,000-$2,499 164 9.8
    $2,500-$2,999 213 12.8
    $3,000-$3,499 153 9.2
    $4,000 or more 162 9.7
    Others 813 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1708 38.6
    Not in the labour force 1591 36.0
    Employed, worked part-time 883 20.0
    Employed, away from work 147 3.3
    Unemployed, looking for work 93 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 481 17.6
    Professionals 750 27.4
    Technicians & trades workers 351 12.8
    Clerical & administrative workers 497 18.2
    Sales 241 8.8
    Others 416 15.2
    Occupation
    Census Count Percent(%)
    Pre-school 100 7.1
    Infants/Primary 461 32.9
    Secondary 428 30.5
    Technical or Further Educational Institution 113 8.1
    University or other Tertiary Institutions 282 20.1
    Others 17 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5180 95.5
    Semi-detached, row or terrace house, townhouse 135 2.5
    Flat, unit or apartment 97 1.8
    House or flat attached to a shop, office 10 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 961 52.3
    Being purchased 705 38.4
    Rented 162 8.8
    Other tenure type 9 0.5
    Tenure Type
Census 2011, ABS
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