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Lurnea is a charming suburb that offers a delightful blend of suburban tranquility and urban convenience, making it a wonderful place to call home. Nestled in the southwestern part of Sydney, Lurnea is known for its welcoming and diverse community, which creates a vibrant and inclusive atmosphere. The suburb is particularly appealing to families, thanks to its family-friendly environment and a variety of housing options that cater to different lifestyles. Whether you're looking for a traditional home or a modern development, Lurnea has something to offer everyone.

Living in Lurnea means enjoying the convenience of being close to essential amenities. The suburb is well-served by local schools, parks, and shopping centers, ensuring that families have everything they need within easy reach. For those who enjoy outdoor activities, the abundance of green spaces provides ample opportunities for recreation and relaxation. Safety is generally not a major concern, adding to the suburb's appeal as a peaceful and secure place to live.

While Lurnea offers a balanced lifestyle, there are a few trade-offs to consider. The suburb's public transport options are primarily centered around bus links, and while there is potential for future metro extensions, direct service to Lurnea is not yet confirmed. This means that commuting to other parts of Sydney might require some planning. Additionally, while Lurnea enjoys proximity to Liverpool's employment centers and amenities, residents may need to travel a bit further for major commercial or retail developments.

Overall, Lurnea is a delightful suburb that provides a nurturing environment for families and individuals seeking a suburban setting with urban benefits. Its strong sense of community, coupled with reliable access to essential facilities, makes it a nice place to live for those who value a balanced and fulfilling lifestyle.

Lurnea is a suburb that presents a mixed picture when it comes to affordability. The median house price in Lurnea is currently $1,055,000, which is relatively high compared to many other suburbs, especially considering that the average wage in Lurnea is $71,000 per year. This wage is slightly below the average salary in Sydney, which is around $85,000 annually. With these figures, buying a house in Lurnea could be challenging for those earning the local average wage, as a significant portion of income would be required to cover mortgage repayments.

For those considering renting, the average rent for houses in Lurnea is about $650 per week. This rental price is fairly typical for the area, but it still represents a considerable expense when compared to the median total household income, which is $1,239 per week. This means that a large chunk of household income might go towards rent, making it crucial for potential residents to budget accordingly.

Overall, while Lurnea offers a suburban lifestyle with the convenience of proximity to larger urban centers, the cost of living, particularly in terms of housing, can be quite demanding. If you are thinking of living in Lurnea, it's important to carefully evaluate your financial situation to ensure it aligns with the costs associated with residing in this suburb.

Lurnea presents an interesting opportunity for property investors, especially those focused on houses. Over the past year, the suburb has experienced a notable 11.6% increase in median house values, indicating strong demand and potential for capital growth. This is complemented by an 8.3% rise in house rents, suggesting a healthy rental market that could provide consistent rental income for investors.

While unit values and rents have remained stable over the past year, the growth in house values and rents highlights a preference for houses in Lurnea. This trend could be attributed to the suburb's appeal to families and individuals seeking more space, which is often a key factor in suburban areas. The stability in unit prices might also suggest a potential opportunity for those looking to enter the market at a lower price point, with the possibility of future growth as the suburb continues to develop.

Overall, Lurnea offers a promising investment landscape, particularly for those interested in houses. The suburb's recent performance in the property market, coupled with its potential for continued growth, makes it an attractive option for investors seeking both capital appreciation and rental income. As with any investment, it's essential to consider the broader market trends and local developments that could impact future growth.