Property investors who have had real estate in Lugarno, 2210 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.42%
Over the longer term, Lugarno has seen property prices show investors a -4.09% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Lugarno is giving property investors an average Vendor Discount of around -8.27%. This puts suburb at number 114th in NSW when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $32240 per annum or $620 every week.
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.