With a capital gain of -0.25% for the last 12 months, Lyneham, 2602 has performed for property investments than its average annual 6.30% property growth over the last 5 years.
Across a shorter period, Lyneham, 2602 has seen a median price increase of 1.00% over the last quarter.
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
Using the current median advertised rental of $545 and the average annual increase in value of a median property of 6.30%, investors should hope to achieve an overall return of 3.51%
Investment property in Lyneham 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 6.96%
Over the longer term, Lyneham has seen property prices show investors a 11.18% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Lyneham is $422500, with sellers offering an average of -4.90% off the asking price.
Lyneham, 2602’s gross rental yield is 5.05%
Likely in anticipation of a strong performance given Canberra’s rise in the national property market, the apartment supply in Lyneham has risen by almost 7%, according to Real Estate Investar.Full summary
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Apartment numbers rise in expectation of demand
Median unit price: $397,500
Stock on market: 6.5%
12-month growth: -2.93%
Named for a premier of New South Wales, the suburb of Lyneham is a well-located suburb with numerous amenities. Likely in anticipation of a strong performance given Canberra’s rise in the national property market, apartment supply has risen by almost 7%, according to Real Estate Investar.
CoreLogic data suggest that this expectation may be paying off as Lyneham recorded a 3.1% increase in unit prices over the April 2017 quarter. Rental yield is also high at 5%, which could attract investors.
Lyneham is surrounded by parks and bushland, but it retains a convenient city feel. Well-known cafes dot the streets, and the Exhibition Park in Canberra plays host to several events. There are numerous sports facilities, as well as primary and secondary schools. The capital of Canberra can be reached in less than 30 minutes by bus.