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Lake Conjola, NSW 2539

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 Lake Conjola, NSW 2539 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

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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 “Lake Conjola, NSW 2539”

  1. The total adult population (15 years or older) of Lake Conjola 2539 NSW is 645, with a median age of 66. Of those, 66.98% are married, 11.63% are divorced or separated, 12.56% are single and 7.44% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $4,316. The median monthly mortgage repayment for households in this suburb is $1,500 which is 34.75% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban region of LAKE CONJOLA 2539, nestled in NSW, is home to a comfortable estimated 736 households. As we approach Q3 in 2023, recent property statistics show that free-standing house prices typically stand at $888,504 with a weekly median rent of $500. This culminates in an indicative yield of 2.93%, slightly below the preferred 3% yield for cashflow-centric property investors.

    The socio-economic status of this area is signified by the IRSAD score of 938 out of a potential 1217. This informs us that LAKE CONJOLA 2539 offers a considerable degree of access to economic resources and educational opportunities, putting the suburb’s residents in a reasonably good socio-economic position.

    The noted renter to owner ratio in LAKE CONJOLA drapes around the 8% mark, far below the cautionary values of 30% and above. This provides a clear indication of the strong presence of homeowners in the area, something that generally adds stability and value to the neighbourhood.

    Reflecting its suburban nature, LAKE CONJOLA records a 0% ratio of units in comparison to houses. This clear dominancy of houses over units fosters a community vibe within the suburb, drawing families who tend to prefer longer tenancies, thereby maintaining high rental yields.

    However, affordability in this region presents a questionable concern with an affordability index of 81 years – a value significantly above the standard 30-year mortgage period used in calculations.

    Supply side metrics paint a promising picture for potential property investors with a low stock on market Percentage of just 0.14% and relatively low inventory Levels of 1.5 months. Together, this signifies a limited number of unsold dwellings in LAKE CONJOLA leading to favourable supply conditions. Confirming this is the building approvals Ratio for houses sitting at 0.0%, indicating there’s little threat for an increase in housing supply from new developments.

    Demand side metrics show the suburb’s houses are snapped up relatively quickly with an average of 17 Days on the Market, signalling high buyer interest and demand. The vacancy rate for combined houses and units at 1.72%, is leaning towards the higher side of neutral but still reasonable.

    However, the Buy Search Index, at a value of 3, suggests limited buyer interest against the state or city average, so while it seems the existing stock is being sold quickly, the volume of buyers might be less encouraging on a broader scale.

    Deeper research and further market monitoring are essential, using a tool like the HtAG analytics RCS metric can give a more rounded view of a suburb’s potential, integrating consideration of over 80 different metrics. Despite some minor concerns, LAKE CONJOLA 2539, with its home ownership culture and favourable supply metrics, presents as an interesting proposition for property investors.

    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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