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Lilydale

POSTAL CODE: VIC, 3140
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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 5.72% growth over a ten-year period. It ranks 2861st 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 7.53% for the past year, which is higher than average compared to its 21.43% growth within a five-year period.

With the median home price in LILYDALE sitting at $935,000, and the average rent at $620, property owners could potentially earn a 3.45% 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.

Surburb overview

Lilydale is an established outer-eastern suburb of Melbourne located within the Shire of Yarra Ranges. The suburb sits about 34 kilometres east of the Melbourne central business district and functions as a key service centre for surrounding parts of the Yarra Valley and Dandenong Ranges.

Lilydale recorded a population of more than 17,000 residents at the 2021 census, with a demographic profile including families, older residents, and single-person households. The age distribution is slightly older than the metropolitan average, reflecting long-term settlement patterns and stable home ownership.

Housing in Lilydale is predominantly detached dwellings, although townhouse developments and medium-density housing have increased near the town centre and transport corridors.

The suburb is the terminus of the Lilydale railway line, providing direct metropolitan train services to the Melbourne CBD via the eastern suburbs. The Lilydale railway station is supported by a major bus interchange that connects surrounding suburbs and semi-rural townships to local services.

Road access is provided by the Maroondah Highway and the Melba Highway, enabling travel toward central Melbourne and the Yarra Valley.

Lilydale’s town centre contains supermarkets, specialty retailers, cafés, medical clinics and professional services, serving both residents and nearby rural communities. 

Primary and secondary schools are located within Lilydale and neighbouring suburbs, contributing to its role as a regional education hub. The suburb is also home to the Lilydale campus of Box Hill Institute, which offers vocational education and training.

Lilydale Lake is a prominent recreational asset, featuring walking tracks, picnic areas and open space used for informal exercise and community events.

Additional recreational facilities include sporting ovals, reserves and access to cycling and walking trails that extend toward the Yarra Valley.

Employment opportunities are concentrated in retail, education, health care and local services, with many residents commuting to other parts of Melbourne.

Lilydale’s combination of transport connectivity, services and proximity to natural landscapes defines its position as a transition point between metropolitan Melbourne and the Yarra Valley.

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