With a capital gain of -8.14% for the last 12 months, Lithgow, 2790 has performed for property investments than its average annual 5.21% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Lithgow comes in at number 239th in NSW.
Property buyers and investors in Lithgow 2790 should be seeing an average reduction in asking price of around -6.35% . This means that Lithgow is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $320 mark per week – giving a return of 5.18% based on the median price in Suburb
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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.