Suburb Profile

Suburb profile for,

Lake Heights, NSW

Located in the dynamic state of NSW (postcode 2502), LAKE HEIGHTS is a vibrant real estate market. This suburb holds a median house price of $832,500 and has demonstrated an average buying growth of Up 12.5%. Last month, 15 houses were available, with 46 transactions completed in the past year. Properties spend around 41 days on the market, reflecting the area's demand with 1230 interested buyers. The average rental yield stands at 3.4%, with a weekly median rent of $332 per week and an average rent growth of Up 0.5%. Rental properties usually stay on the market for 17 days. The population in 2016 was 3853, which changed by +18.20% in the past five years. The median weekly household income is $1,088, reflecting an income change of +21.16% over the past five years. Residents have a median age of 38 years, and the suburb has an average annual growth for houses of –. To fully take advantage of LAKE HEIGHTS's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in LAKE HEIGHTS, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Lake Heights, NSW

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
NSW
Suburb
LAKE HEIGHTS
Postcode
2502
Median price for all dwellings
$832,500
Last 12 months growth return
Up 12.5%
Avg. dwellings for sale in the suburb every month
15
Avg. dwellings sold in the suburb in previous 12 months
46
Avg days on market for a dwelling listing to sell
41 days
Avg. number of people searching in this suburb every month
1230
Avg. rental yield per annum
3.40%
Weekly median rent for all dwellings
$332 per week
Median price for all houses
$832,500
Avg. rental yield growth in the previous 12 months
3.40%
Avg. days for a rental listing to find a tennant
17 days
Total suburb population in 2016
3853
Total suburb population change in 5 years up to 2016
18.20%
Avg. household income per week
$1,088
Median age of the population in the suburb
38
Historic avg annual growth return per annum in the suburb

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