Fraud Blocker

Lugarno, NSW 2210

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 Lugarno, NSW 2210 located in Sydney 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Lugarno, NSW 2210”

  1. The total adult population (15 years or older) of Lugarno 2210 NSW is 4,905, with a median age of 45. Of those, 59.80% are married, 7.60% are divorced or separated, 28.05% are single and 4.65% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $11,580. The median monthly mortgage repayment for households in this suburb is $3,000 which is 25.91% of their earnings.

    Source: ABS Census Data (2021)

  2. Drawing on the richness of characteristic scenery and diversity of households, is the suburb of Lugarno, with the postcode 2210 nestled in New South Wales. Home to approximately 2220 households, this suburb showcases a vibrant community atmosphere.

    Delving into the financial minutiae, the typical price for houses in Lugarno as of Q3 of 2023 stands at $1,799,465. The median weekly rent, sitting at $805, culminates in an indicative yield of 2.33%. Although this yield is under the 3% threshold considered attractive to cashflow centred property investors, appreciation potential coupled with consistent rent inflows may still render it a worthwhile proposition for some investors.

    Shifting focus to the socio-economic environment, Lugarno’s IRSAD score is near the upper quartile, standing at 1116 out of 1217. This suggests a relatively affluent local population, generally synonymous with a higher quality of living and stronger potential for property value appreciation.

    Remarkably, Lugarno has an incredibly low renter to owner ratio of 9%, reinforcing the suburb’s standing as a primarily owner-occupier market. Such a low ratio can often mean less competition in rental markets and a strong sense of community, enhancing the appeal for potential buyers.

    The units to houses ratio is equally low at 2%, indicating a market largely composed of standalone houses as opposed to units. Given that suburbs with more houses usually attract families seeking space and longer tenancy periods, this could have a beneficial impact on rental yield in the long term.

    When considering the affordability, Lugarno reveals a rather challenging picture. The affordability index stands at 61 years, significantly exceeding the average 30-year mortgage. This high affordability index reflects Lugarno’s elevated property values, signalling a potential barrier of entry for new investors or first home buyers.

    Despite the high property values, Lugarno property supply appears well-balanced. With a low stock on market percentage of 0.2% and an inventory level of 0.81 months, these metrics suggest a favourable seller’s market, characterised by limited supply and potentially increased competition amongst buyers.

    Interestingly, the building approvals Ratio for houses is 0.6%, indicating a low rate of new constructions. In markets with limited future supply like Lugarno, existing properties may potentially experience upward price pressure.

    With an impressively low average of 13 Days on Market, houses in Lugarno are in high demand and transacting quickly. This brisk market pace, when combined with a tight vacancy rate of 1.04%, suggests an area where rental demand is outstripping supply, thereby boding well for landlords seeking reliable tenancy.

    Finally, with a buy search index sitting comfortably at 5, it shows a healthy level of buyer interest equalling the state average. The outcome of this should provide adequate interest levels to continue fueling property transactions in the region while maintaining price stability.

    While some metrics indicate challenges, especially in terms of affordability, the overall picture of Lugarno’s property market in Q3 2023 displays a tightly held market with strong socio-economic factors driving its appeal. As with any property investment, a deeper analysis will always yield the best results.

    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.

Leave a comment