Get a property report and suburb profile for any property in Lurnea

Lurnea is a south-west Sydney suburb made up mainly of modest single-storey homes on generous blocks and tree-lined streets. It has a village feel with small shopping strips, community facilities and sporting fields close by. Many older houses have been renovated and some townhouses added, but the area remains low-rise and practical. The suburb is home to 10,057 people with a median age of 32, and the community is weighted towards couple families with children; most homes are owner-occupied (56.9%) while renters make up 43.0%.

Everyday life is supported by regular bus services that link to Liverpool’s train services, nearby parks, playgrounds and local shops. A major upgrade at Phillips Park delivered the Lurnea Community Hub and new park facilities, including an all-abilities playground, outdoor fitness equipment, a dual soccer and cricket oval, a half basketball court, a café and First Nations art murals, plus multipurpose rooms that host council programs. Whether Lurnea suits you will depend on whether you want established, low-rise streets and close community amenities or something else.

Buying a house in Lurnea sits well above local incomes as recorded at the most recent Census: the median house price of $1,130,000 is about 17.5 times a typical local household's annual income at the last Census. On these figures, buying is far above what a typical local household earned at the time of that Census.

Renting also takes a large slice of local income. A house rent of $650 a week would use about 52.5% of a typical local household's weekly income at the last Census, a large share, while a unit rent of $450 a week would take about 36.3%, a sizeable share. Which of those matters most depends on whether you are renting or buying 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.

House values in Lurnea rose 10.0% over the past year, a strong increase in the capital value of houses. If capital growth is your priority, that is the figure to focus on.

By contrast, unit rents in Lurnea fell 11.8% over the same 12 months, a sharp drop in the rent units are earning. That means the data points to different outcomes for capital growth (houses) versus rental income from units, and whether that mix suits you depends on your own goals 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.