Suburb Profile Report for Lilyfield NSW (2040)

Lilyfield House: Median price $1,570,000, Annual capital growth 8.45%, Number of sales 109, Weekly median advertised rent $798

Lilyfield Unit: Median price $982,500, Annual capital growth 9.80%, Number of sales 47, Weekly median advertised rent $598

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

HOUSE UNIT
$1,570,000 $982,500
8.16% 3.97%
10.18% 15.59%
8.45% 9.80%
$798 $598
109 47
2.64% 3.16%
42.97 36

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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