Suburb Profile Report for Lyneham ACT (2602)

Lyneham House: Median price $950,000, Annual capital growth 5.95%, Number of sales 19, Weekly median advertised rent $625

Lyneham Unit: Median price $400,000, Annual capital growth 1.47%, Number of sales 89, Weekly median advertised rent $425

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 13.37% for the last 12 months, Lyneham, 2602 has performed for property investments than its average annual 5.95% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lyneham has increased when compared to the 5 year average annual rate.

The ACT suburb of Lyneham, 2602 is in the Unincorporated ACT local government area.

Property value increases in Lyneham have tracked just lower than the ACT average of 1.66% over the last 12 months.

Lyneham,2602 was ranked 779 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Lyneham should be aiming for at least -3.51% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 3.46km from the CBD, Lyneham is one of Unincorporated ACT localities in the postcode 2602.

Information supplied by:


August 2018

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A fairly new suburb developed in 1958, Lyneham is seeing a considerable inflow of units to the marketFull summary

Units are the star attraction

Postcode: 2602

Median unit price: $400,000

Stock on market: 42.4%

12-month growth: 0.0%

A fairly new suburb developed in 1958, Lyneham is seeing a considerable inflow of units to the market. The number of apartments available rose from 27 to 40 in the 12 months to May 2018. The unit lifestyle seems to be popular here, as such properties outnumber houses, though this market has been flat over the past year, seeing no growth across that period.

Units are reasonably priced at a median value of $400,000. Additionally, the rental market is strong, with investors reaping an average return of 5.5% on $420 average rent per week.

Lyneham is just about 4km from the Canberra CBD, which could explain the popularity of units for professionals working in the city centre. There are several local schools here, namely, Lyneham High School, Lyneham Primary School and Brindabella Christian College.

Close
Metrics i HOUSE UNIT
$950,000 $400,000
N/A 0.00%
13.37% -5.33%
5.95% 1.47%
$625 $425
19 89
3.42% 5.53%
N/A 71.68

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 4485
Median household income ($/weekly) 1643
Median age of persons 36
Median housing loan repayment ($/monthly) 2000
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 487 10.9
    25-34 years 985 22.0
    35-44 years 586 13.1
    45-54 years 576 12.8
    55-64 years 514 11.5
    Others 1337 29.8
    Age Group
    Census Count Percent(%)
    Not Married 1647 49.9
    Registered Married 1181 35.8
    Defacto Relationship 473 14.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2877 71.0
    Indonesia 78 1.9
    United Kingdom 226 5.6
    Viet Nam 61 1.5
    Other 238 5.9
    Others 574 14.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 190 4.9
    Christianity 1894 48.6
    Hinduism 75 1.9
    Islam 53 1.4
    No Religion 1641 42.1
    Others 47 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 134 8.0
    $1,500-$1,999 239 14.3
    $2,000-$2,499 168 10.0
    $2,500-$2,999 184 11.0
    $4,000 or more 131 7.8
    Others 816 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1588 43.9
    Not in the labour force 1124 31.0
    Employed, worked part-time 640 17.7
    Employed, away from work 166 4.6
    Unemployed, looking for work 102 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 354 14.8
    Professionals 995 41.5
    Technicians & trades workers 182 7.6
    Community & personal service workers 205 8.5
    Clerical & administrative workers 378 15.8
    Others 284 11.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 176 17.0
    Secondary 154 14.9
    Technical or Further Educational Institution 106 10.2
    University or other Tertiary Institutions 527 50.9
    Other type of educational institution 37 3.6
    Others 35 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1725 44.7
    Semi-detached, row or terrace house, townhouse 1389 36.0
    Flat, unit or apartment 736 19.1
    Caravan, cabin, houseboat 8 0.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 899 49.6
    Fully owned 466 25.7
    Being purchased 427 23.6
    Other tenure type 20 1.1
    Tenure Type
Census 2011, ABS
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