Lyneham

POSTAL CODE: ACT, 2602

HOUSE

UNIT

Figures from the previous quarter show that capital gains for real estate buyers in LYNEHAM are high, 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 2.86% increase in returns based on the current median price in LYNEHAM.

LYNEHAM, 2602 ranks 74th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 80th on the list of best yielding suburbs for rental properties in ACT, posting a 2.86% return.

Property investors have seen a -1.47% drop in LYNEHAM based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains LYNEHAM, 2602 saw average growth in the long term.

LYNEHAM, 2602 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $502,500.

Profits due to an downward trend in home prices in LYNEHAM, 2602 averaged -2.51% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $569 based on current median home prices for the suburb.

The gross rental yield in LYNEHAM, 2602 is 5.89%.

An average of 7.25 real estate transactions take place per month in LYNEHAM which translates to 87 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,080,000	$502,500
Growth Report
Median Quarterly	8%	-1.47%
Median 12 month	-4.42%	-9.46%
Median 3 years	1.89%	-7.54%
Median 5 years	27.06%	14.2%
10 years average annual	4.33%	2.05%
Weekly media advert. rent	$595	$569
Time on Market	69.3 days	73.3 days
Gross Rental Yield Percent	2.86%	5.89%

Demographics (Median Values)*

Total Population 30450

Weekly Household Income 1930

Household Size 2.40

Average Age 36

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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