Property value increases in Lilydale have tracked higher than the VIC average of 7.68% over the last 12 months.
While Lilydale,3140 ranked number 436th in VIC for increase in median house value (annualised) increase, it is ranked 217th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Lilydale is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 420th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Lilydale the average time real estate has been on the market is 35.82 days.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.
VIC has seen average median house prices change by 3.19% which means that Lilydale, 3140 has done well for property investors by showing a capital gain of 6.91% over the last year
Across a shorter period, Lilydale, 3140 has seen a median price increase of 1.83% over the last quarter.
Lilydale, 3140 is offering VIC ‘s 224th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
At number 139 in a list of fastest selling suburbs, Lilydale is in the TOP 10% of suburbs in Australia with an average of days on market 44.22 for properties listed there.
Renters in Suburb are facing rents around $3960 per annum or $330 every week.