Lilyfield

POSTAL CODE: NSW, 2040
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Property investors enjoyed capital gains of 3.83% over the last 12 months in LILYFIELD, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in LILYFIELD are low, as opposed to average gains per annum over the past five years.

The suburb posted a 11.31% 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 $950 based on current median home prices for the suburb.

On average, rents on listings have reached the $950 mark, reflecting a 1.97% increase in returns based on the current median price in LILYFIELD.

LILYFIELD, 2040 ranks 837th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 1023rd on the list of best yielding suburbs for rental properties in NSW, posting a 1.97% return.

Surburb overview

Lilyfield is a peaceful, leafy suburb located approximately 5 kilometres west of the Sydney Central Business District. It is part of the Inner West Council Local Government Area and is known for its quiet, village-like atmosphere, heritage homes, and proximity to parks and waterways.

According to the most recent Census data, the suburb has around 8,800 people. The median age of residents is 39, reflecting a diverse mix of families, young professionals, and older couples. The housing landscape in Lilyfield consists of heritage cottages, Victorian terraces, and modern developments. Many homes have been beautifully renovated, maintaining the suburb's charm while offering modern comforts.

Public transport in Lilyfield is excellent, with the Lilyfield light rail stop providing quick and convenient access to the Sydney CBD, Darling Harbour, and Pyrmont. Regular bus services connect the suburb to the city and surrounding areas such as Leichhardt, Rozelle, and Balmain. Major roads, including Victoria Road and the City West Link, make it easy to travel by car to other parts of Sydney.

One of Lilyfield’s standout features is its proximity to green spaces and recreational amenities. The suburb is near Callan Park, an expansive parkland with walking paths, sports fields, and historic buildings. The Bay Run, a popular walking and cycling track, loops around Iron Cove and is easily accessible from Lilyfield, offering stunning waterfront views and opportunities for exercise. Lilyfield is also home to the Leichhardt Park Aquatic Centre. This state-of-the-art facility provides swimming pools, a gym, and fitness classes, making it a hub for fitness enthusiasts.

While Lilyfield is primarily a residential suburb, it benefits from its proximity to major shopping and dining precincts in neighbouring suburbs. Norton Street in Leichhardt and Darling Street in Rozelle are just a short distance away, offering a range of dining options. The Orange Grove Farmers Market, held every Saturday, is another local favourite, offering fresh produce, artisanal goods, and a vibrant community atmosphere.

Educational facilities in and around Lilyfield include primary and secondary schools, such as Orange Grove Public School and Sydney Secondary College. The suburb’s quiet streets, access to parks, and quality schools make it an attractive option for families with children.

With its suburban tranquillity, proximity to parks and waterfronts, and convenient access to the city, Lilyfield offers a well-rounded and highly desirable lifestyle. The suburb’s heritage charm, modern amenities, and strong sense of community make it a sought-after location for those seeking a peaceful yet connected environment in Sydney’s Inner West.

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