Investment property in Lilydale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.11%
Lilydale,3140 has offered an average of 13.11% return per annum in house price rises to property investors over the last three years.
Lilydale3140 is located in VIC which offers an average discount of -5.14% to property investors. Lilydale itself is showing figures that indicate -3.76% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Lilydale being $690000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 2.90%
If you compare the increase in value of investment property in Lilydale, 3140 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.92%.
A 29.21% growth in median value for property investors in Lilydale,3140 puts this suburb at number 64th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Lilydale are currently offering property investors an average price cut of -2.98% below the asking price at the moment.
At number 4 in a list of fastest selling suburbs, Lilydale is in the TOP 10% of suburbs in Australia with an average of days on market 17.33 for properties listed there.
Lilydale, 3140’s gross rental yield is 3.60%