Investment property in Loftus 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 -4.50%
The five-year average increase in median property values for Loftus,2232 has given property investors a potential capital gain of 68.92% across each of those five years.
Vendor discounting in Loftus is giving property investors an average Vendor Discount of around -12.85%. This puts suburb at number 25th in NSW when ranking the most discounted suburbs.
Residents and property investors in Loftus have been waiting around 60.13 days to sell a property.
The NSW suburb of Loftus, 2232 is in the Sutherland Shire local government area.
Loftus is an average performer in NSW when comparing median price capital growth over the last year. Loftus gave property investors a average capital gain figure when compared to the rest of the state, with 1.59%.
The five-year average increase in median property values for Loftus,2232 has given property investors a potential capital gain of 29.67% across each of those five years.
Renters in Suburb are facing rents around $28600 per annum or $550 every week.
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. Full summary
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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.