With a capital gain of -0.92% for the last 12 months, Lurnea, 2170 has performed for property investments than its average annual 9.01% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Lurnea,2170 has racked up an average of -0.92% over the period. This ranks it number 2058th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Lurnea is $701000, with sellers offering an average of -4.90% off the asking price.
Often selling an investment property can take time, and in Lurnea the average time real estate has been on the market is 42.6 days.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 9.01%, investors should hope to achieve an overall return of 3.34%
Over the last year, property investments in Lurnea, 2170 have given investors a capital gain of -4.39%. This compares badly with the 1.69% for NSW as a whole.
Over the longer term, Lurnea has seen property prices show investors a 19.13% return over the last 3 years. This is worse than 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 Lurnea, 2170. Typically our figures indicate that -4.25% is being offered, which puts this NSW suburb at 1116th most discounted overall in Australia.
Renters in Suburb are facing rents around $21450 per annum or $412.5 every week.