Property investors who have had real estate in Lurnea, 2170 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.92%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lurnea has increased when compared to the 5 year average annual rate.
Property buyers and investors in Lurnea 2170 should be seeing an average reduction in asking price of around -5.82% . This means that Lurnea is holding prices well when compared to other suburbs in NSW.
A $445 per week rent on the median house gives suburb investors a gross yield of circa 3.24%, without taking into account capital value appreciation, which has been averaging out at 9.33%.
Property value increases in Lurnea have tracked close to the NSW average of 5.36% over the last 12 months.
Lurnea,2170 has offered an average of 3.64% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Lurnea 2170 should be seeing an average reduction in asking price of around -3.65% . This means that Lurnea is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Lurnea have been waiting around 70.52 days to sell a property.
Property investors should expect to get $417.5 weekly from the median priced house in this suburb.