Investment property in Lake Illawarra has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.00%
Across a shorter period, Lake Illawarra, 2528 has seen a median price increase of -0.43% over the last quarter.
Lake Illawarra2528 is located in NSW which offers an average discount of -6.18% to property investors. Lake Illawarra itself is showing figures that indicate -4.89% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Lake Illawarra the average time real estate has been on the market is 64.92 days.
Advertised rents are around the $435 mark per week – giving a return of 3.92% based on the median price in Suburb
Property investors who have had real estate in Lake Illawarra, 2528 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.24%
Lake Illawarra,2528 was ranked 1105 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Lake Illawarra is offering property investors an average of -5.18. This rate of discount on properties puts Suburb at number 94th in terms of most discounted suburbs in NSW
With the median price for a house in Lake Illawarra being $479000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 4.18%