Suburb Profile Report for Lurnea NSW (2170)

Lurnea House: Median price $720,000, Annual capital growth 9.54%, Number of sales 115, Weekly median advertised rent $450

Lurnea Unit: Median price $553,500, Annual capital growth 8.40%, Number of sales 29, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$720,000 $553,500
3.15% -1.07%
10.77% 3.46%
9.54% 8.40%
$450 $420
115 29
3.25% 3.95%
77.23 64.58

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 8610
Median household income ($/weekly) 883
Median age of persons 32
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    5-14 years 1393 16.2
    25-34 years 1214 14.1
    35-44 years 1129 13.1
    45-54 years 1041 12.1
    55-64 years 788 9.2
    Others 3044 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 2931 47.7
    Not Married 2893 47.1
    Defacto Relationship 323 5.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4809 59.3
    Former Yugoslav Republic of Macedonia 204 2.5
    Ireland 373 4.6
    Malaysia 496 6.1
    Other 712 8.8
    Others 1517 18.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 244 3.0
    Christianity 4783 59.2
    Islam 1969 24.4
    Other Religious Groups 275 3.4
    No Religion 600 7.4
    Others 211 2.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 236 9.7
    $400-$599 351 14.5
    $600-$799 320 13.2
    $1,000-$1,249 246 10.1
    $1,500-$1,999 241 9.9
    Others 1035 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3026 49.4
    Employed, worked full-time 1827 29.8
    Employed, worked part-time 725 11.8
    Unemployed, looking for work 350 5.7
    Employed, away from work 195 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 289 10.5
    Technicians & trades workers 477 17.4
    Clerical & administrative workers 430 15.7
    Machinery operators & drivers 374 13.6
    Labourers 372 13.5
    Others 805 29.3
    Occupation
    Census Count Percent(%)
    Pre-school 146 6.9
    Infants/Primary 793 37.2
    Secondary 654 30.7
    Technical or Further Educational Institution 241 11.3
    University or other Tertiary Institutions 252 11.8
    Others 43 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6777 81.5
    Semi-detached, row or terrace house, townhouse 1427 17.2
    Flat, unit or apartment 109 1.3
    House or flat attached to a shop, office 4 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1003 37.9
    Being purchased 894 33.7
    Fully owned 740 27.9
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
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