Giving property investors a a solid capital gain of 19.90% for the last year, Loftus, 2232 is the 502th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Loftus,2232 has racked up an average of 19.90% over the period. This ranks it number 542th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Loftus are currently offering property investors an average price cut of -3.88% below the asking price at the moment.
Often selling an investment property can take time, and in Loftus the average time real estate has been on the market is 54.44 days.
Property investors should expect to get $660 weekly from the median priced house in this suburb.
NSW has seen average median house prices change by 8.39% which means that Loftus, 2232 has done well for property investors by showing a capital gain of 0.03% over the last year
Across a shorter period, Loftus, 2232 has seen a median price increase of 0.63% over the last quarter.
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.