Property investors who have had real estate in Lilydale, 3140 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.82%
Lilydale,3140 has offered an average of 11.82% return per annum in house price rises to property investors over the last three years.
Lilydale, 3140 is offering VIC ‘s 360th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
At number 136 in a list of fastest selling suburbs, Lilydale is in the TOP 10% of suburbs in Australia with an average of days on market 35.87 for properties listed there.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 6.75%, investors should hope to achieve an overall return of 3.21%
Property investors who have had real estate in Lilydale, 3140 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.75%
Taking the average capital gain, or increase in median house value, Lilydale,3140 has racked up an average of 3.75% over the period. This ranks it number 676th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Lilydale are currently offering property investors an average price cut of -4.18% below the asking price at the moment.
Often selling an investment property can take time, and in Lilydale the average time real estate has been on the market is 40.29 days.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.13%, without taking into account capital value appreciation, which has been averaging out at 6.91%.