Lidcombe has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.40% to date .
If we look at median property appreciation over just the last three months, Lidcombe has given property investors a paper return of -3.13%. This puts Suburb as 1216 on a list of fastest fasting appreciating suburbs in NSW
At number 132th of NSW’s most discounted properties, Lidcombe is in the bottom 20% of the state/territory when listing in order of most discounted to least.
At number 1667 in a list of fastest selling suburbs, Lidcombe is just in the top half of suburbs in Australia with an average of days on market 74.44 for properties listed there.
The NSW suburb of Lidcombe, 2141 is in the Auburn local government area.
Over the last year, property investments in Lidcombe, 2141 have given investors a capital gain of 7.38%. This compares averagely with the 6.92% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Lidcombe comes in at number 308th in NSW.
Property investors looking for a bargain in Lidcombe should be aiming for at least -4.15% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 7.85%, investors should hope to achieve an overall return of 3.97%