Lewisham is an average performer in NSW when comparing median price capital growth over the last year. Lewisham gave property investors a average capital gain figure when compared to the rest of the state, with 5.59%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lewisham has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Lewisham are currently offering property investors an average price cut of -8.38% below the asking price at the moment.
Lewisham is 928th on a list of best yielding suburbs for rents in NSW with a 2.75% return
With a capital gain of -25.00% for the last 12 months, Lewisham, 2049 has performed for property investments than its average annual 7.86% property growth over the last 5 years.
Over the longer term, Lewisham has seen property prices show investors a 3.41% return over the last 3 years. This is worse than over the last 12 months
Advertised rents are around the $535 mark per week – giving a return of 4.08% based on the median price in Suburb
Located 7km from the Sydney CBD, the premium suburb of Lewisham closed 2017 with a bangFull summary
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Pricey suburb offers growth potential
Median house price: $1,720,000
Three-year growth: 63.7%
Rental yield: 2.4%
Located 7km from the Sydney CBD, the premium suburb of Lewisham closed 2017 with a bang.
House prices in this top-growing suburb jumped by a whopping 29.8% to $1,720,000 in the 12 months leading up to December 2017, maintaining a trend of significant hikes in value reported since 2012. The average annual growth rate is a favourable 11.2%, indicating that Lewisham has excellent prospects.
The Lewisham railway station is served by several lines, providing easy access to the CBD, the Strathfield interchange station and Burwood and Newtown. Lewisham is also connected to the light rail network in Sydney via Lewisham West and Taverners Hill. There are many schools here as well, including Lewisham Public School, John Berne School and Christian Brothers’ High School.Close