Suburb Profile Report for Lilyfield NSW (2040)

Lilyfield House: Median price $1,749,000, Annual capital growth 9.37%, Number of sales 111, Weekly median advertised rent $860

Lilyfield Unit: Median price $671,000, Annual capital growth 4.20%, Number of sales 47, Weekly median advertised rent $600

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Lilyfield has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 20.50% to date .

The five-year average increase in median property values for Lilyfield,2040 has given property investors a potential capital gain of 78.11% across each of those five years.

Property investors looking for a bargain in Lilyfield should be aiming for at least -2.86% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 4.14km from the CBD, Lilyfield is one of Leichhardt localities in the postcode 2040.

Over the last year, property investments in Lilyfield, 2040 have given investors a capital gain of -28.99%. This compares very badly with the 8.63% for NSW as a whole.

While Lilyfield,2040 ranked number 553th in NSW for increase in median house value (annualised) increase, it is ranked 393th over the last 5 years.

The most recent median price for Lilyfield is $671000, with sellers offering an average of -2.61% off the asking price.

Often selling an investment property can take time, and in Lilyfield the average time real estate has been on the market is 79.12 days.

Property investors should expect to get $600 weekly from the median priced house in this suburb.

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
$1,749,000 $671,000
2.13% -29.37%
20.50% -28.99%
9.37% 4.20%
$860 $600
111 47
2.56% 4.65%
31.82 79.12

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (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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