Investment property in Lugarno has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -11.33%
If we look at median property appreciation over just the last three months, Lugarno has given property investors a paper return of -5.90%. This puts Suburb as 1154 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Lugarno is giving property investors an average Vendor Discount of around -7.44%. This puts suburb at number 422th in NSW when ranking the most discounted suburbs.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
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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.