Property value increases in Lilydale have tracked higher than the VIC average of 7.80% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Lilydale comes in at number 176th in VIC.
Property investors looking for a bargain in Lilydale should be aiming for at least -5.40% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Lilydale have been waiting around 36.47 days to sell a property.
With the median price for a house in Lilydale being $605000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 3.40%
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 6.62%
A 12.47% growth in median value for property investors in Lilydale,3140 puts this suburb at number 267th in terms of best performing suburbs in VIC
Lilydale, 3140 is offering VIC ‘s 161th 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.
Situated 34.30km from the CBD, Lilydale is one of Yarra Ranges localities in the postcode 3140.