Giving property investors a an average capital gain of 8.84% for the last year, Lugarno, 2210 is the 2108th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Lugarno,2210 has racked up an average of 8.84% over the period. This ranks it number 3371th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Lugarno should be aiming for at least -6.40% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 5.29%, investors should hope to achieve an overall return of 2.41%
The NSW suburb of Lugarno, 2210 is in the Georges River (A) local government area.
Information supplied by:
Lugarno, NSW – Rental market gets some wiggle room
Median house price: $1,200,000
Vacancy rate: 1.1%
Three-year growth: 3.0%
The suburb of Lugarno is located within the Georges River Council LGA, although it is often mistaken as a part of the Sutherland Shire. It is known for its bushlands and parks, namely, Georges River National Park, the CF Williams Reserve and HV Evatt Park.
Over August 2018-2019, vacancy rates loosened from an average of 0.3% to 1.1%.
Lugarno sits on the Georges River’s northern bank and was named for Switzerland’s Lake Lugano back in the 1840s. Its commercial area may not be a bustling one, but it caters to residents; needs with an IGA supermarket, takeaways, cafes and a convenience store. There is also a dental and medical centre at the Lime Kiln collection of shops.