Over the last year, property investments in Lemon Tree Passage, 2319 have given investors a capital gain of -5.05%. This compares badly with the 1.14% for NSW as a whole.
A 45.48% growth in median value for property investors in Lemon Tree Passage,2319 puts this suburb at number 573th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Lemon Tree Passage are currently offering property investors an average price cut of -5.50% below the asking price at the moment.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
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Housing supply gets padded
Median house price: $475,000
Stock on market: 64.7%
12-month growth: 12.6%
Known for its koala population due to the presence of so many trees, the suburb of Lemon Tree Passage is also a haven for holidaymakers because of its beautiful location on Port Stephens.
The suburb capitalises on its natural advantages by establishing coastal walking trails, such as Mangrove Board Walk and the Lilli Pilli Walk. The reserve on Helen Avenue also highlights the diverse native plant life found in this area. With some lovely swimming and picnic spots in the vicinity, Lemon Tree Passage is the perfect place to unwind, making it very popular with retirees.
The number of houses on the market soared from 17 to 27 in the 12 months to January 2019, for a 64.7% boost in housing supply. The suburb certainly looks to be capable of balancing the added stock with demand, with houses spending only 49 days on the market.