A steady increase in median property prices over a five-year period in the suburb translates to a 25% capital gain.
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 $775,000.
Profits due to an upward trend in home prices there averaged 8.33% per annum over a 3-year period.
Home owners selling their properties and realtors in LYONS usually have to wait an average of 75.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $560 mark, reflecting a 3.76% increase in returns based on the current median price in LYONS.
LYONS, 2606 places 23rd in Australia based on median property value growth during the quarter.
Real estate investors could earn a rental income of $362.5 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $362.5 mark, reflecting a 7.54% increase in returns based on the current median price in LYONS.
LYONS, 2606 ranks 65th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
LYONS ranks 1st on the list of best yielding suburbs for rental properties in ACT, posting a 7.54% return.
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