Suburb Profile Report for Lilyfield NSW (2040)

Lilyfield House: Median price $1,600,000, Annual capital growth 8.47%, Number of sales 98, Weekly median advertised rent $835

Lilyfield Unit: Median price $1,030,000, Annual capital growth 8.32%, Number of sales 51, Weekly median advertised rent $600

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

NSW has seen average median house prices change by 7.28% which means that Lilyfield, 2040 has done well for property investors by showing a capital gain of 12.28% over the last year

A 62.93% growth in median value for property investors in Lilyfield,2040 puts this suburb at number 723th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Lilyfield should be aiming for at least -2.38% off the asking price, which is the average vendor discount being achieved at the moment.

At number 269 in a list of fastest selling suburbs, Lilyfield is in the TOP 10% of suburbs in Australia with an average of days on market 42.84 for properties listed there.

Renters in Suburb are facing rents around $10020 per annum or $835 every week.

At number 193th in the list of Australian suburbs ordered by increase in median house value over the last year, Lilyfield, 2040 is in the top 20% with a property value increase of 15.73% recorded in median house prices.

Across a shorter period, Lilyfield, 2040 has seen a median price increase of 6.74% over the last quarter.

Lilyfield2040 is located in NSW which offers an average discount of -4.41% to property investors. Lilyfield itself is showing figures that indicate -1.63% is the average achievable by property buyers investing in the suburb.

Lilyfield is 537th on a list of best yielding suburbs for rents in NSW with a 3.03% return

Information supplied by:


March 2017

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Originally a suburb for the working class, Lilyfield is now mainly targeted towards the middle class, with many investors choosing to redevelop the old workers’ cottages. As a result, the median house price has soared to over $1.5m.Full summary

Working-class suburb enjoys upgrade

Median house price: $1,567,500

Three-year growth: 60.60%

Rental yield: 2.49%

A stone’s throw west of the Sydney CBD, Lilyfield has seen its stock rise due to gentrification and renovation.

Originally a suburb for the working class, Lilyfield is now mainly targeted towards the middle class, with many investors choosing to redevelop the old workers’ cottages. Thus, the median house price has soared to over $1.5m. In the past 12 months alone, there was nearly 12% growth, with vendors unloading homes while offering a very low average discount of just 2.2%

Rental yield isn’t very high here given the high prices and stiff competition. Nonetheless, the income will surely be steady as the average vacancy rate indicates that the majority of properties are occupied.

Lilyfield is highly accessible by tram and several bus routes. The City West Link Road is linked to the A4, and various bicycle routes can lead to Parramatta.

Close
Metrics i HOUSE UNIT
$1,600,000 $1,030,000
1.91% 6.74%
12.28% 15.73%
8.47% 8.32%
$835 $600
98 51
2.71% 3.03%
42.84 47.94

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
Find a mortgage broker in Lilyfield NSW
Demographics
Total population 7342
Median household income ($/weekly) 1871
Median age of persons 38
Median housing loan repayment ($/monthly) 3111
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 772 10.5
    25-34 years 1042 14.2
    35-44 years 1565 21.3
    45-54 years 1105 15.0
    55-64 years 759 10.3
    Others 2100 28.6
    Age Group
    Census Count Percent(%)
    Registered Married 2302 44.6
    Not Married 2132 41.3
    Defacto Relationship 733 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4941 71.2
    Japan 194 2.8
    Papua New Guinea 217 3.1
    United Kingdom 529 7.6
    Other 315 4.5
    Others 742 10.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 156 2.3
    Christianity 3971 59.5
    Islam 69 1.0
    Judaism 52 0.8
    No Religion 2369 35.5
    Others 62 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 214 8.4
    $1,500-$1,999 232 9.1
    $2,500-$2,999 349 13.7
    $3,000-$3,499 219 8.6
    $4,000 or more 358 14.0
    Others 1183 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2554 46.3
    Not in the labour force 1595 28.9
    Employed, worked part-time 977 17.7
    Unemployed, looking for work 206 3.7
    Employed, away from work 187 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 750 20.2
    Professionals 1452 39.1
    Community & personal service workers 274 7.4
    Clerical & administrative workers 451 12.1
    Sales 265 7.1
    Others 524 14.1
    Occupation
    Census Count Percent(%)
    Pre-school 158 10.4
    Infants/Primary 561 36.9
    Secondary 275 18.1
    Technical or Further Educational Institution 121 8.0
    University or other Tertiary Institutions 362 23.8
    Others 45 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4156 62.3
    Semi-detached, row or terrace house, townhouse 1475 22.1
    Flat, unit or apartment 1016 15.2
    House or flat attached to a shop, office 23 0.3
    Improvised home, tent, sleepers out 5 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1041 37.6
    Being purchased 956 34.6
    Fully owned 758 27.4
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals