Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
Figures from the previous quarter show that capital gains for real estate buyers in LYNEHAM are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $595 based on current median home prices for the suburb.
On average, rents on listings have reached the $595 mark, reflecting a 4.15% increase in returns based on the current median price in LYNEHAM.
LYNEHAM, 2602 ranks 73rd in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 45th on the list of best yielding suburbs for rental properties in ACT, posting a 4.15% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $745,000 | $407,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.06% | -0.61% |
| Median 12 month | -1.13% | -4.12% |
| Median 3 years | 2.41% | -3.34% |
| Median 5 years | 20.16% | -5.23% |
| 10 years average annual | 2.92% | 1.89% |
| Weekly media advert. rent | $595 | $420 |
| Time on Market | 43.3 days | 72.7 days |
| Gross Rental Yield Percent | 4.15% | 5.36% |
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