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Lidcombe

POSTAL CODE: NSW, 2141
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LIDCOMBE, 2141 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling LIDCOMBE, 2141 values up and netting property investors a capital gain of 13.49% for the past year.

Investors saw the median home price rise to $1,935,000.

Profits due to an upward trend in home prices in the suburb averaged 10.53% per annum over a 3-year period.

LIDCOMBE now ranks at the 629th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $760 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In LIDCOMBE, homes and units usually stay on listing for an average of 54.7 days.

In 2016, 104 properties were sold in LIDCOMBE during the past year, making it the 1427th most active market in NSW based on total real estate transactions.

Surburb overview

Lidcombe, NSW 2141, is a dynamic suburb situated approximately 15 kilometres west of Sydney's central business district. The Cumberland Council governs the area, which features a rich multicultural community, a strategic location, and a blend of residential, commercial, and industrial zones.

As per the 2021 Census, Lidcombe has a population of 21,197 residents. A significant portion of the population comprises individuals born overseas, with notable communities from South Korea (14.4%), China (11.1%), Nepal (7.0%), Vietnam (5.7%), and the Philippines (2.8%). While 19.5% of residents speak only English at home, other prevalent languages include Korean (16.8%), Mandarin (12.1%), Cantonese (9.3%), Nepali (6.8%), and Arabic (3.8%). The most common religious affiliations are No Religion (27.4%), Catholic (17.2%), Hinduism (10.5%), and Buddhism (9.7%). 

Lidcombe boasts excellent connectivity. Lidcombe railway station serves as a major interchange, connecting the T1 Western Line, T2 Inner West & Leppington Line, and the T3 Bankstown Line, facilitating easy access to various parts of Sydney. Multiple bus routes operate in the area, enhancing local and regional connectivity. Proximity to major roads, such as the M4 and Parramatta Road, ensures convenient vehicular access.

The suburb offers a diverse range of shopping options, including the Lidcombe Shopping Centre, which features major retailers and specialty stores. Additionally, the area is renowned for its array of Korean and international eateries. 

Educational institutions in Lidcombe include Lidcombe Public School and St Joachim's Catholic Primary School, catering to the suburb's diverse population. Residents have access to various parks and recreational facilities, promoting an active lifestyle.

Lidcombe features a mix of housing types, including separate houses (50%), semi-detached houses (21%), and apartments (28%). The average household comprises three people. According to recent data, the median prices for a one-bedroom apartment, a two-bedroom apartment, and a three-bedroom apartment are $557,500, $750,000, and $971,500, respectively. 

The median rental price for units and apartments stands at $740 per week, yielding a rental return of approximately 5.4%. The suburb is experiencing growth, with various residential and commercial developments underway, reflecting its increasing appeal to both residents and investors.

Lidcombe's name originated in the early 1900s by combining the surnames of former mayor Henry John Larcombe and serving mayor Frederick Lidbury. The suburb has evolved from a traditional working-class area to a cosmopolitan community, reflecting Australia's post-war immigration waves.

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