Property investors who have had real estate in Lake Illawarra, 2528 should be 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 23.40%
Over the longer term, Lake Illawarra has seen property prices show investors a 48.15% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Lake Illawarra are currently offering property investors an average price cut of -4.06% below the asking price at the moment.
Property value increases in Lake Illawarra have tracked higher than the NSW average of 5.36% over the last 12 months.
Over the longer term, Lake Illawarra has seen property prices show investors a 59.43% return over the last 3 years. This is worse than over the last 12 months
Lake Illawarra, 2528 is offering NSW ‘s 81th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
With the median price for a house in Lake Illawarra being $505000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.91%