Lithgow (2790) is a suburb in New South Wales that continues to attract attention from both homeowners and investors. Located approximately 106km from the Sydney CBD, the suburb is serviced by 6 schools and benefits from solid transport and amenity access.
Lithgow has a population of approximately 4,956, a median age of 47, a median weekly household income of $1,126. The suburb has a balanced mix of owner-occupiers (62%) and renters, indicating healthy demand across both segments. Across the broader LGA, 20.0% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (13.2%), Public Administration and Safety (10.6%), Retail Trade (9.4%).
The current median house price in Lithgow is $535,000. The suburb has delivered strong average annual growth of 9.0% over the past five years, outperforming many comparable markets. Prices have moved 4.9% over the past 12 months.
Properties in Lithgow spend an average of 51 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 1.49%. Inventory levels are at 2.78 months, indicating a balanced market. The average vendor discount is -4.2%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Lithgow is $450. Gross rental yield is 4.37%, providing a solid income return. The vacancy rate of 0.97% signals very strong rental demand. Rents have grown 7.14% over the past 12 months.
The broader local government area is forecast to grow from 21,100 to 20,850 residents by 2031 (-1.2% growth).
Explore other suburb profiles in the area: Bowenfels, NSW, Oberon, NSW, Cowra, NSW, Bathurst, NSW, Kelso, NSW.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Lithgow or need help identifying the right suburb for your strategy, get in touch with our team.
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.