Question 1

Is Lugarno a nice place to live?

Accepted Answer

Lugarno is a quiet riverside suburb on the southern bank of the Georges River with leafy streets and a mix of modest post-war brick homes, renovated family houses and larger waterfront properties that often back onto bush reserves and river foreshore. Residents make use of water-based recreation, riverside picnic spots and walking trails, and a small local centre provides everyday shops and cafes. Public buses link Lugarno to nearby train stations and shopping hubs, and the area has recently seen a new foreshore launching facility for light watercraft while a modular community facility nearby at Peakhurst Park supports local activity; council planning also identifies a Peakhurst/Lugarno local hub as a future community hub.

Home to about 5,869 people with a median age of 45, Lugarno is weighted towards couple families with children and is overwhelmingly owner-occupied (91.2% of homes). That mix gives the suburb an established, settled feel; for people after a suburban riverside setting with parks, water access and basic amenities close by, Lugarno may be a good fit. Whether it suits you will depend on what you want from a neighbourhood.

Question 2

Is it expensive to live in Lugarno?

Accepted Answer

A median house price of $1,663,500 in Lugarno works out to about 11.8 times a typical local annual household income at the last Census, which places buying well above what households earned then. For renters, the average house rent of $1,175 a week would take roughly 43.2% of a typical local household's weekly income at the last Census, a large share of income. Which of these matters most depends on whether you plan to rent or buy and on your own circumstances.

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 Lugarno a good place to invest?

Accepted Answer

House rents in Lugarno rose 17.5% over the past 12 months, a strong increase in the rental income a house would earn. If rental income is your priority, that rent movement is the number that matters.

There isn't enough recent data here to show how property values or unit rents moved over the same period, so this provides only a partial picture; whether that makes Lugarno a suitable investment depends on your objectives and circumstances.

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	$1.66M	N/A
Change in value Past 12 months	N/A	N/A
Sold Past 3 months	15	1
Median days on market Past 12 months	34	N/A
Average rent Past 12 months	$1175	N/A
Change in rent Past 12 months	17.5%	N/A

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