With a capital gain of 14.17% for the last 12 months, Lilydale, 3140 has performed for property investments than its average annual 7.65% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Lilydale,3140 has racked up an average of 14.17% over the period. This ranks it number 812th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Lilydale 3140 should be seeing an average reduction in asking price of around -4.04% . This means that Lilydale is holding prices well when compared to other suburbs in VIC.
At number 71 in a list of fastest selling suburbs, Lilydale is in the TOP 10% of suburbs in Australia with an average of days on market 26.84 for properties listed there.
Situated 34.97km from the CBD, Lilydale is one of Yarra Ranges localities in the postcode 3140.
Over the last year, property investments in Lilydale, 3140 have given investors a capital gain of 8.82%. This compares favourably with the 4.90% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lilydale has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Lilydale are currently offering property investors an average price cut of -2.96% below the asking price at the moment.
At number 22 in a list of fastest selling suburbs, Lilydale is in the TOP 10% of suburbs in Australia with an average of days on market 21.97 for properties listed there.
The VIC suburb of Lilydale, 3140 is in the Yarra Ranges local government area.