If you compare the increase in value of investment property in Lyneham, 2602 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 7.29%.
Lyneham,2602 was ranked 3472 in Australia by increase in median property value over the quarter.
Advertised rents are around the $500 mark per week – giving a return of 3.46% based on the median price in Suburb
Lyneham, 2602 ranked 59th in ACT when comparing growth in median property values or capital gain over the last 12 months. Lyneham is one of 126 in our list for ACT
Lyneham,2602 was ranked 1479 in Australia by increase in median property value over the quarter.
Vendor discounting in Lyneham is giving property investors an average Vendor Discount of around -3.45%. This puts suburb at number 24th in ACT when ranking the most discounted suburbs.
In the last year 80 properties changed hands in Lyneham, which puts it as the 12th most active market in ACT when comparing the number of sales per suburb.
Property investors should expect to get $400 weekly from the median priced house in this suburb.