Lilyfield is in the TOP 20% in NSW when comparing median price capital growth over the last year. Lilyfield gave property investors a very good capital gain figure when compared to the rest of the state, with 19.06%.
When looking at the potential capital gains offered to property investors over the last 3 years, Lilyfield comes in at number 551th in NSW.
Lilyfield2040 is located in NSW which offers an average discount of -5.49% to property investors. Lilyfield itself is showing figures that indicate -1.77% is the average achievable by property buyers investing in the suburb.
The NSW suburb of Lilyfield, 2040 is in the Leichhardt local government area.
Giving property investors a a solid capital gain of 20.06% for the last year, Lilyfield, 2040 is the 131th highest performer in Australia in this respect.
Lilyfield,2040 was ranked 1462 in Australia by increase in median property value over the quarter.
Property buyers and investors in Lilyfield 2040 should be seeing an average reduction in asking price of around -1.63% . This means that Lilyfield is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Lilyfield have been waiting around 47.94 days to sell a property.
Lilyfield, 2040’s gross rental yield is 3.10%
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