Property value increases in Lilyfield have tracked just higher than the NSW average of 6.38% over the last 12 months.
If we look at median property appreciation over just the last three months, Lilyfield has given property investors a paper return of 8.16%. This puts Suburb as 117 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Lilyfield is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 1196th in terms of most discounted suburbs in NSW
In the last year 109 properties changed hands in Lilyfield, which puts it as the 231th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Lilyfield, 2040 is in the Leichhardt local government area.
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 15.59%.
Comparing Lilyfield,2040 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Lilyfield 2040 should be seeing an average reduction in asking price of around -2.64% . This means that Lilyfield is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Lilyfield the average time real estate has been on the market is 36 days.
A $597.5 per week rent on the median house gives suburb investors a gross yield of circa 3.16%, without taking into account capital value appreciation, which has been averaging out at 9.80%.