Property investors who have had real estate in Lyneham, 2602 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.99%
The five-year average increase in median property values for Lyneham,2602 has given property investors a potential capital gain of 22.90% across each of those five years.
Renters in Suburb are facing rents around $6000 per annum or $500 every week.
With a capital gain of -10.29% for the last 12 months, Lyneham, 2602 has performed for property investments than its average annual 3.31% property growth over the last 5 years.
Across a shorter period, Lyneham, 2602 has seen a median price increase of -3.41% over the last quarter.
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 -3.39% to real estate investors.
On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.
Advertised rents are around the $400 mark per week – giving a return of 5.55% based on the median price in Suburb