Suburb Profile Report for Lavington NSW (2641)

Lavington House: Median price $284,950, Annual capital growth 1.80%, Number of sales 214, Weekly median advertised rent $318

Lavington Unit: Median price $163,365, Annual capital growth 0.42%, Number of sales 85, Weekly median advertised rent $230

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Lavington has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.62% to date .

Lavington,2641 was ranked 1881 in Australia by increase in median property value over the quarter.

Property buyers and investors in Lavington 2641 should be seeing an average reduction in asking price of around -6.60% . This means that Lavington is holding prices well when compared to other suburbs in NSW.

At number 2889 in a list of fastest selling suburbs, Lavington is in the bottom 30% of suburbs in Australia with an average of days on market 101.877 for properties listed there.

Advertised rents are around the $317.5 mark per week – giving a return of 5.79% based on the median price in Suburb

Lavington is an average performer in NSW when comparing median price capital growth over the last year. Lavington gave property investors a average capital gain figure when compared to the rest of the state, with -0.99%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lavington has increased when compared to the 5 year average annual rate.

Property buyers and investors in Lavington 2641 should be seeing an average reduction in asking price of around -7.73% . This means that Lavington is holding prices well when compared to other suburbs in NSW.

Using the current median advertised rental of $230 and the average annual increase in value of a median property of 0.42%, investors should hope to achieve an overall return of 7.32%

Metrics i HOUSE UNIT
$284,950 $163,365
1.05% -0.61%
6.62% -0.99%
1.80% 0.42%
$318 $230
214 85
5.79% 7.32%
101.876543209877 118.276923076923

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 12031
Median household income ($/weekly) 826
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1412 11.7
    25-34 years 1529 12.7
    35-44 years 1368 11.4
    45-54 years 1597 13.3
    55-64 years 1614 13.4
    Others 4512 37.5
    Age Group
    Census Count Percent(%)
    Not Married 4221 47.0
    Registered Married 3961 44.1
    Defacto Relationship 807 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 10165 89.0
    Greece 91 0.8
    Indonesia 105 0.9
    United Kingdom 281 2.5
    Other 271 2.4
    Others 504 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 77 0.7
    Christianity 8429 77.0
    Hinduism 130 1.2
    Islam 97 0.9
    No Religion 2173 19.9
    Others 39 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 507 11.0
    $400-$599 748 16.3
    $600-$799 598 13.0
    $800-$999 456 9.9
    $1,500-$1,999 523 11.4
    Others 1766 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3611 38.3
    Employed, worked full-time 3307 35.1
    Employed, worked part-time 1735 18.4
    Unemployed, looking for work 414 4.4
    Employed, away from work 361 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 630 11.7
    Technicians & trades workers 931 17.2
    Clerical & administrative workers 707 13.1
    Sales 701 13.0
    Labourers 738 13.7
    Others 1693 31.4
    Occupation
    Census Count Percent(%)
    Pre-school 186 7.3
    Infants/Primary 874 34.4
    Secondary 720 28.4
    Technical or Further Educational Institution 416 16.4
    University or other Tertiary Institutions 290 11.4
    Others 52 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8648 76.5
    Flat, unit or apartment 1839 16.3
    Semi-detached, row or terrace house, townhouse 722 6.4
    Caravan, cabin, houseboat 70 0.6
    House or flat attached to a shop, office 21 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1806 36.8
    Being purchased 1573 32.0
    Fully owned 1512 30.8
    Other tenure type 17 0.3
    Tenure Type
Census 2011, ABS
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