Suburb Profile Report for Lalor Park NSW (2147)

Lalor Park House: Median price $650,000, Annual capital growth 7.32%, Number of sales 107, Weekly median advertised rent $385

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Nov 2020 as supplied by CoreLogic. Data is reported to the period ending Aug 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Investment property in Lalor Park has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.36%

Over the longer term, Lalor Park has seen property prices show investors a -5.87% return over the last 3 years. This is an improvement over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lalor Park, 2147. Typically our figures indicate that -2.51% is being offered, which puts this NSW suburb at 2249th most discounted overall in Australia.

Using the current median advertised rental of $385 and the average annual increase in value of a median property of 7.32%, investors should hope to achieve an overall return of 3.08%

Metrics	HOUSE	UNIT
Median price	$650,000	N/A
Quarterly growth	-0.80%	N/A
12-month growth	2.36%	N/A
Average Annual Growth	7.32%	N/A
Weekly median advertised rent	$385	N/A
Number of sales	107	N/A
Gross rental yield	3.08%	N/A
Days on market	35.7878787878788	N/A

DSR Score for property investment : Very good (H), Balanced (U)

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Demographics

Total population	6981
Median household income ($/weekly)	1017
Median age of persons	36
Median housing loan repayment ($/monthly)	1863
Average household size	2.6

Census	Count	Percent(%)
5-14 years	954	13.7
25-34 years	1018	14.6
35-44 years	996	14.3
45-54 years	976	14.0
55-64 years	720	10.3
Others	2317	33.2

Age Group

Census	Count	Percent(%)
Not Married	2570	50.0
Registered Married	2176	42.4
Defacto Relationship	391	7.6

Social Marital Status

Census	Count	Percent(%)
Australia	5012	76.3
Papua New Guinea	160	2.4
Philippines	144	2.2
United Kingdom	187	2.8
Other	328	5.0
Others	735	11.2

Country of Birth

Census	Count	Percent(%)
Buddhism	71	1.1
Christianity	4873	74.9
Hinduism	196	3.0
Islam	241	3.7
No Religion	1063	16.3
Others	62	1.0

Religious Affiliation

Census	Count	Percent(%)
$300-$399	280	12.0
$400-$599	234	10.0
$600-$799	248	10.6
$1,500-$1,999	310	13.2
$2,000-$2,499	213	9.1
Others	1055	45.1

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	1990	38.6
Employed, worked full-time	1967	38.1
Employed, worked part-time	776	15.0
Unemployed, looking for work	257	5.0
Employed, away from work	171	3.3

Person Characteristics

Census	Count	Percent(%)
Professionals	434	14.9
Technicians & trades workers	470	16.1
Clerical & administrative workers	528	18.1
Machinery operators & drivers	349	12.0
Labourers	309	10.6
Others	825	28.3

Occupation

Census	Count	Percent(%)
Pre-school	159	9.8
Infants/Primary	608	37.5
Secondary	442	27.3
Technical or Further Educational Institution	216	13.3
University or other Tertiary Institutions	153	9.4
Others	43	2.7

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	6448	96.0
Flat, unit or apartment	149	2.2
Semi-detached, row or terrace house, townhouse	97	1.4
House or flat attached to a shop, office	24	0.4
Caravan, cabin, houseboat	0	0.0
Others	0	0.0