Investment property in Lyneham has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.94%
A 42.49% growth in median value for property investors in Lyneham,2602 puts this suburb at number 14th in terms of best performing suburbs in ACT
Advertised rents are around the $530 mark per week – giving a return of 3.19% based on the median price in Suburb
Lyneham has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 4.31% to date .
While Lyneham,2602 ranked number 20th in ACT for increase in median house value (annualised) increase, it is ranked 52th over the last 5 years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.07% offered to property buyers. Sellers in Lyneham itself are offering an average vendor discount of -4.82% to real estate investors.
At number 1173 in a list of fastest selling suburbs, Lyneham is in the bottom 30% of suburbs in Australia with an average of days on market 103.55 for properties listed there.
Lyneham is 32th on a list of best yielding suburbs for rents in ACT with a 5.14% return