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Lyons

Suburb Profile

Lyons - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2606

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Homeowners and real estate investors betting on LYONS, 2606 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 11.8%.

A steady increase in median property prices over a five-year period in the suburb translates to a 24.14% capital gain.

Property investors in LYONS enjoyed capital gains of 11.8% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $900,000.

Profits due to an upward trend in home prices there averaged 8.05% per annum over a 3-year period.

Home owners selling their properties and realtors in LYONS usually have to wait an average of 60.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $550 mark, reflecting a 3.18% increase in returns based on the current median price in LYONS.

LYONS, 2606 places 22nd in Australia based on median property value growth during the quarter.

Surburb overview

Lyons is a suburb in the city of Canberra, in the ACT. It was named after Joseph Lyons, the former Labor premier of Tasmania.

Many prefer Lyons for its quiet ambiance, low crime rate and proximity to amenities. Lyons has one primary school, the Lyons Early Childhood School, and secondary schools and colleges, such as the Canberra College, are a drive away and are located in nearby suburbs. Lyons is also close to the Canberra Hospital and is just a quick drive to the central business district.

Scorched, desert-like ambiance

Lyons has a desert-like ambience and its streetscape features an array of native plants and trees, with pine trees being the most common. Some of its neighbourhoods are in elevated places, offering a nice view of Oakey Hill, Mount Taylor, and Red Hill. Lyons also has a number of walking tracks where one can enjoy the surrounding views of Weston Creek.

Property buyers are drawn to Lyons’ housing estates not just for its strategic location, but for its nice pool of houses for sale and relative affordability – although larger and well-positioned properties could set buyers back for over a million dollars. Buyers are afforded the freedom to erect homes on parcels of land in their preferred designs, as well. Tourists and real estate buyers also patronise its cafe culture, and deem it as a shot in the arm that lifestyle hubs across the city needs.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $900,000 $278,250
GROWTH REPORT
Median Quarterly 5.57% 0.27%
Median 12 month 11.8% -25.8%
Median 3 years 24.14% 11.32%
Median 5 years 36.88% -39.25%
10 years average annual 4.21% -1.63%
Weekly media advert. rent $550 $385
Time on Market 60.2 days 105.4 days
Gross Rental Yield Percent 3.18% 7.19%
demographics (median values)
Total Population
2444
Weekly Household Income
1091
Household Size
2.10
demographics
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Top 10 Birth Countries
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