Giving property investors a a stable capital gain of 10.77% for the last year, Lurnea, 2170 is the 1549th highest performer in Australia in this respect.
The five-year average increase in median property values for Lurnea,2170 has given property investors a potential capital gain of 94.59% across each of those five years.
Sellers are offering property buyers an average discount of -6.06% to buyers in Lurnea at the moment, which is less than average for the rest of NSW.
Lurnea has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.46% to date .
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.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Lurnea itself are offering an average vendor discount of -4.04% to real estate investors.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.95%, without taking into account capital value appreciation, which has been averaging out at 8.40%.