Based on its average 5-year and quarterly capital gains LILYDALE, 3140 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that LILYDALE, 3140 obtained a 7.89% growth over a ten-year period. It ranks 594th on our list of suburbs that property investors should look into.
LILYDALE, 3140 in VIC belongs to the local government area of Yarra Ranges.
LILYDALE, 3140 has a capital gain of 10.51% for the past year, which is lower than average compared to its 71.88% growth within a five-year period.
With the median home price in LILYDALE sitting at $730,500, and the average rent at $400, property owners could potentially earn a 2.85% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in LILYDALE are low, as opposed to average gains per annum over the past five years.
Homeowners and real estate investors betting on LILYDALE, 3140 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 18.03%.
A steady increase in median property prices over a five-year period in LILYDALE, 3140 translates to a 41.96% capital gain.
Property investors enjoyed capital gains of 18.03% over the last 12 months in LILYDALE, translating to lower returns compared with its peers in VIC.
LILYDALE, 3140 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 $525,250.
Profits due to an upward trend in home prices in LILYDALE, 3140 averaged 13.99% per annum over a 3-year period.
Home owners selling their properties and realtors in LILYDALE usually have to wait an average of 28.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $320 mark, reflecting a 3.17% increase in returns based on the current median price in LILYDALE.
LILYDALE, 3140 places 32nd in Australia based on median property value growth during the quarter.