Lemon Tree Passage is in the bottom 30% in NSW when comparing median price capital growth over the last year. Lemon Tree Passage gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.05%.
When looking at the potential capital gains offered to property investors over the last 3 years, Lemon Tree Passage comes in at number 398th in NSW.
Property buyers and investors in Lemon Tree Passage 2319 should be seeing an average reduction in asking price of around -5.81% . This means that Lemon Tree Passage is holding prices well when compared to other suburbs in NSW.
Lemon Tree Passage, 2319’s gross rental yield is 4.61%
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Housing supply gets padded
Median house price: $475,000
Stock on market: 64.7%
12-month growth: 12.6%
Known for its koala population due to the presence of so many trees, the suburb of Lemon Tree Passage is also a haven for holidaymakers because of its beautiful location on Port Stephens.
The suburb capitalises on its natural advantages by establishing coastal walking trails, such as Mangrove Board Walk and the Lilli Pilli Walk. The reserve on Helen Avenue also highlights the diverse native plant life found in this area. With some lovely swimming and picnic spots in the vicinity, Lemon Tree Passage is the perfect place to unwind, making it very popular with retirees.
The number of houses on the market soared from 17 to 27 in the 12 months to January 2019, for a 64.7% boost in housing supply. The suburb certainly looks to be capable of balancing the added stock with demand, with houses spending only 49 days on the market.