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