Question 1

Is Lithgow a nice place to live?

Accepted Answer

Lithgow is a regional centre in the Central Tablelands at the western edge of the Blue Mountains with a strong industrial and mining heritage and a rugged valley setting. It has a practical, workaday feel, centred on a main street of shops and cafes, community facilities and a mix of older workers' cottages and federation homes alongside more recent suburban development. The town is a gateway to nearby national parks and bushwalking, and local attractions reflect its past, from heritage rail to industrial relics. Good road and rail links make Lithgow a base for commuters, tradespeople and people who want ready access to mountain country.

About 4,956 people live in Lithgow and the median age is 49. Family households are prominent, with couples with and without children making up roughly three in four families and couples without children the largest group. Homes are mainly owner-occupied at 64.1%. The town is in the middle of a council-led CBD renewal with Main Street and arrival corridor works under way, there are major transport upgrades affecting the area, and local health and community investment includes a new MRI suite at Lithgow Hospital plus funded projects for a new fire station and high school upgrades under the High Potential and Gifted Education program. Whether that suits you depends on what you are after in a regional town.

Question 2

Is it expensive to live in Lithgow?

Accepted Answer

Buying looks stretched: a median house price of $612,500 in Lithgow is about 11.7 times a typical local household's annual income at the last Census, which puts buying well above what local households earned at that Census.

Renting also takes a large slice of income. The average house rent of $460 a week would use about 45.5% of a typical local household's weekly income at the last Census, a large share, while the average unit rent of $335 a week would take about 33.2%, a sizeable share. Which measure matters most depends on whether you plan to rent or buy.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Lithgow a good place to invest?

Accepted Answer

House prices in Lithgow rose 10.2% over the past 12 months, a strong increase, while house rents lifted 7.5% over the same period, a solid rise. In that sense, capital growth on houses outpaced rental growth for the year.

Unit rents also increased, up 4.7% over the year, a modest rise. Which of those movements matters to you will depend on whether you are prioritising capital growth or rental income when considering Lithgow as an investment.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$613K	N/A
Change in value Past 12 months	10.2%	N/A
Sold Past 3 months	28	2
Median days on market Past 12 months	41	N/A
Average rent Past 12 months	$460	$335
Change in rent Past 12 months	7.5%	4.7%

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