Property value increases in Lithgow have tracked close to the NSW average of -4.28% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Lithgow comes in at number 171th in NSW.
Lithgow, 2790 is offering NSW ‘s 601th 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.
Lithgow, 2790’s gross rental yield is 5.12%
Information supplied by:
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.