Loftus has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -6.35% to date .
Loftus,2232 was ranked 2031 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Loftus is offering property investors an average of -7.34. This rate of discount on properties puts Suburb at number 679th in terms of most discounted suburbs in NSW
Advertised rents are around the $650 mark per week – giving a return of 3.47% based on the median price in Suburb
Over the last year, property investments in Loftus, 2232 have given investors a capital gain of -12.11%. This compares very badly with the -3.83% for NSW as a whole.
A 18.00% growth in median value for property investors in Loftus,2232 puts this suburb at number 85th in terms of best performing suburbs in NSW
Advertised rents are around the $560 mark per week – giving a return of 3.73% based on the median price in Suburb
Information supplied by:
Sutherland Shire suburb Loftus may not be a locale that appeals to those who want to be in the middle of things, being situated 26km from the Sydney CBD, but it’s an area with investment potential.
Most famous for being the home of the Sydney Tramway Museum, it’s positioned on the edge of the Royal National Park and offers impressive bush views for many properties. While it’s fairly sparse amenity-wise, with a few shops near the rail station and the museum, it is also home to a TAFE campus and a small campus of the University of Wollongong. There is a primary school in the suburb, as well as sporting facilities. Further amenities are available in Sutherland, a short drive or rail journey north.
The suburb is largely made up of freestanding houses, and access to both the CBD and Wollongong is provided by regular rail services. The Princes Highway also runs through the suburb. It’s a family suburb, although there is a reasonable rental population: around 22% of properties are rented. Rental yields are solid, and vacancy rates low.
The suburb is one of the most affordable in the Shire, but still attracts an affluent demographic: average weekly incomes are around $400pw more than the NSW average.
That relative affordability combined with the bushland feel of the suburb may be contributing to its robust population growth over the last few years – which is projected to continue at a rate of 2% a year for the next few years.