At number 1945th in the list of Australian suburbs ordered by increase in median house value over the last year, Lyneham, 2602 is in the top half with a property value increase of 7.50% recorded in median house prices.
Across a shorter period, Lyneham, 2602 has seen a median price increase of 2.63% over the last quarter.
Situated 3.71km from the CBD, Lyneham is one of Unincorporated ACT localities in the postcode 2602.
Property investors who have had real estate in Lyneham, 2602 should be ok with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.95%
Lyneham,2602 has offered an average of 3.95% return per annum in house price rises to property investors over the last three years.
At number 6th of ACT’s most discounted properties, Lyneham is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Lyneham the average time real estate has been on the market is 87.51 days.
Situated 3.59km from the CBD, Lyneham is one of Unincorporated ACT localities in the postcode 2602.
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
Information supplied by:
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.