AREA REPORTS

Lyneham

Suburb Profile

Lyneham - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2602

house
unit

Property investors enjoyed capital gains of 15.36% over the last 12 months in LYNEHAM, translating to lower returns compared with its peers in ACT.

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.

The suburb posted a 38.27% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $612.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $612.5 mark, reflecting a 3.33% increase in returns based on the current median price in LYNEHAM.

LYNEHAM, 2602 ranks 7th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 71st on the list of best yielding suburbs for rental properties in ACT, posting a 3.33% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $957,500 $410,000
GROWTH REPORT
Median Quarterly 8.81% -3.53%
Median 12 month 15.36% 2.24%
Median 3 years 38.27% -1.91%
Median 5 years 57.22% -0.91%
10 years average annual 6.15% 1.61%
Weekly media advert. rent $612.5 $427.5
Time on Market 0.0 days 68.6 days
Gross Rental Yield Percent 3.33% 5.42%
demographics (median values)
Total Population
4322
Weekly Household Income
1211
Household Size
2.20
demographics
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