Property investors who have had real estate in Lawrence, 2460 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.68%
If we look at median property appreciation over just the last three months, Lawrence has given property investors a paper return of 7.72%. This puts Suburb as 66 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lawrence, 2460. Typically our figures indicate that -5.61% is being offered, which puts this NSW suburb at 2333th most discounted overall in Australia.
In the last year 28 properties changed hands in Lawrence, which puts it as the 838th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Lawrence, 2460 is in the Clarence Valley (A) local government area.
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Big growth in small suburb
Median house price: $340,000
Three-year growth: 30.8%
Rental yield: 5.8%
Situated 13km from Maclean is the suburb of Lawrence. While houses spend a long time on the market here at an average of 114 days, it boasts low prices and looks to be experiencing steady growth.
In the past 12 months leading up to July 2017, Lawrence recorded almost 24% growth. Nonetheless, the median house price is highly affordable at just $340,000. The potential of the rental market is quite strong, with the average rental yield coming in at 5.8%.
While the suburb is quite small, it is well-stocked with amenities, including many facilities for cricket, soccer, golf and tennis. A public school has also been established here, and it is served by bus route 384 to Grafton, which is the closest regional centre.