Over the last year, property investments in Lemon Tree Passage, 2319 have given investors a capital gain of 12.56%. This compares very favourably with the 1.39% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lemon Tree Passage has increased when compared to the 5 year average annual rate.
Lemon Tree Passage2319 is located in NSW which offers an average discount of -7.36% to property investors. Lemon Tree Passage itself is showing figures that indicate -4.08% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $20280 per annum or $390 every week.
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 StephensFull summary
Information supplied by:
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.Close