Lawrence has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.28% to date .
While Lawrence,2460 ranked number 397th in NSW for increase in median house value (annualised) increase, it is ranked 219th over the last 5 years.
At number 200th of NSW’s most discounted properties, Lawrence is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 6.80%, investors should hope to achieve an overall return of 5.05%
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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.