If you compare the increase in value of investment property in Lilyfield, 2040 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 18.91%.
Comparing Lilyfield,2040 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Lilyfield itself are offering an average vendor discount of -1.77% to real estate investors.
In the last year 99 properties changed hands in Lilyfield, which puts it as the 292th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $850 and the average annual increase in value of a median property of 9.73%, investors should hope to achieve an overall return of 2.62%
Lilyfield has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.39% to date .
Taking the average capital gain, or increase in median house value, Lilyfield,2040 has racked up an average of 10.39% over the period. This ranks it number 403th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Lilyfield is giving property investors an average Vendor Discount of around -2.23%. This puts suburb at number 418th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Lilyfield the average time real estate has been on the market is 47.47 days.
Lilyfield is 510th on a list of best yielding suburbs for rents in NSW with a 3.18% return
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
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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