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Lithgow, NSW 2790

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Lithgow, NSW 2790 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Lithgow, NSW 2790”

  1. The total adult population (15 years or older) of Lithgow 2790 NSW is 4,236, with a median age of 49. Of those, 36.43% are married, 18.56% are divorced or separated, 35.86% are single and 9.23% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,688. The median monthly mortgage repayment for households in this suburb is $1,326 which is 23.31% of their earnings.

    Source: ABS Census Data (2021)

  2. Located within the state of NSW, the suburb of LITHGOW 2790 is home to an estimated number of 3201 households, bestowing it with a vibrant community atmosphere. As we delve into the third quarter of 2023, we can see that the typical prices for houses in LITHGOW 2790 are standing at a competitive $545,181. Factor in the median weekly rent at a solid $379, and we see a promising indicative yield of 3.61%, surpassing the minimum attractive market requirement of 3% for cashflow-focused property investors.

    Taking a glimpse at the socio-economic fabric of the community, the IRSAD score sits at a comfortable 888 out of 1217. This suggests a reasonable level of access to economic resources along with a relatively good average level of income and occupational skills among the residents. The renter to owner ratio is 35%, showing a reasonable balance between owner-occupied properties and rental properties. When it comes to types of dwellings, make note of the units to houses ratio which is a mere 1%, portraying a market predominantly populated with houses rather than units. Although this is great for reducing rental competition, it’s always advisable to thoroughly inspect and understand exactly what your potential renters are in the market for.

    The affordability index for houses in LITHGOW stands at 38 years. It’s a little higher than the typical 30 years, indicating that it may take a longer time for residents to fully own their property, due to factors such as the current interest rate, median family income, and typical property prices.

    The stock on market Percentage for houses strikes a neutral note at 0.43%, indicating a balanced level of supply. Furthermore, the inventory level of 1.27 months suggests the market is fairly stable and capable of absorbing new listings smoothly. In the current year, the building approvals Ratio for houses is 0.0%, indicating a low supply of new dwellings, which could possibly smarten up your investment strategy.

    Delve into demand and we find houses generally have a journey of 110 days on market before they’re sold. While this is perceived as low demand, it is important to consider overall trends for a more comprehensive outlook. The vacancy rate at 2.71% falls within the neutral demand category, which may present both potential challenges and opportunities for the property investor. The buy search index stands at 4, portraying neutral levels of interest from potential buyers.

    To gain a broader perspective and make a well-informed decision, it helps to keep an eye on the trends these metrics display over time. And, don’t forget that a few red flags in your metrics can be perfectly alright if most other indicators are flashing green. LITHGOW’s property market has many attractive traits and continues to hold potential for the circumspect investor.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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