With a capital gain of 19.69% for the last 12 months, Lyneham, 2602 has performed for property investments than its average annual 6.14% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Lyneham,2602 has racked up an average of 19.69% over the period. This ranks it number 778th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $590 and the average annual increase in value of a median property of 6.14%, investors should hope to achieve an overall return of 3.20%
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 unmoved in value by 0.00%
Taking the average capital gain, or increase in median house value, Lyneham,2602 has racked up an average of 0.00% over the period. This ranks it number 1377th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lyneham, 2602. Typically our figures indicate that -3.91% is being offered, which puts this ACT suburb at 1114th most discounted overall in Australia.
With the median price for a house in Lyneham being $405000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 5.39%
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.