Property investors who have had real estate in Lindfield, 2070 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -15.57%
Across a shorter period, Lindfield, 2070 has seen a median price increase of -1.07% over the last quarter.
Lindfield, 2070’s gross rental yield is 2.69%
Lindfield, 2070 ranked 130th in NSW when comparing growth in median property values or capital gain over the last 12 months. Lindfield is one of 3163 in our list for NSW
Lindfield,2070 has offered an average of 3.24% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -7.46% to buyers in Lindfield at the moment, which is less than average for the rest of NSW.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
Information supplied by:
Supply soars in premium suburb
Median unit price: $1,060,000
Stock on market: 83.7%
12-month growth: 11.2%
The suburb of Lindfield is in the Upper North Shore region of Sydney, 13km northwest of the CBD. In the 12 months to June 2018, it has seen remarkable growth both in demand and supply.
The stock of units and houses in the market rose significantly in this period, with stock on market rising by a significant 83.7%. Supporting the increased supply, however, is considerable demand – Lindfield’s unit market recorded 11.2% growth over the year, causing the median apartment value to pass the $1 million mark. This continues a strong streak of positive growth that has been observed since 2013. Units have also been selling fairly quickly, spending less than two months on the market.
Lindfield is bordered by the bushlands of Garigal National park and Lane Cove National Park. The established suburb is known for its laid-back atmosphere and leafy environment.