Property investors who have had real estate in Lithgow, 2790 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 2.48%
Over the longer term, Lithgow has seen property prices show investors a 14.78% return over the last 3 years. This is worse than over the last 12 months
Lithgow, 2790 is offering NSW ‘s 546th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
In the last year 100 properties changed hands in Lithgow, which puts it as the 229th most active market in NSW when comparing the number of sales per suburb.
Situated 106.64km from the CBD, Lithgow is one of Lithgow (C) localities in the postcode 2790.
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Lithgow, NSW – Rental demand increases
Median house price: $330,000
Vacancy rate: 2.3%
Three-year growth: 27%
Situated at the western edge of the Blue Mountains, the suburb of Lithgow acts as a gateway to the Capertee and Wollemi national parks, which hold wonders like bird watching trails, Aboriginal rock paintings, canyons and rivers. Fresh local produce makes Lithgow a foodie destination that is especially known for its cheese and whiskey.
The suburb thrives in its history and natural charms, having played a crucial role in the country’s mining, steel and rail industries. Glen Davis Ruins contains the remains of a WWII-era village, while the brightly lit Glow Worm Tunnel houses part of the Newnes railway.
The average vacancy rate in the suburb dropped from 2.4% to 2.3% in the year to July 2019.