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
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