Lidcombe is in the bottom 40% in NSW when comparing median price capital growth over the last year. Lidcombe gave property investors a disappointing capital gain figure when compared to the rest of the state, with -6.03%.
The five-year average increase in median property values for Lidcombe,2141 has given property investors a potential capital gain of 21.11% across each of those five years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.03% offered to property buyers. Sellers in Lidcombe itself are offering an average vendor discount of -11.71% to real estate investors.
The NSW suburb of Lidcombe, 2141 is in the Cumberland (A) local government area.
Over the last year, property investments in Lidcombe, 2141 have given investors a capital gain of -2.74%. This compares averagely with the -2.98% for NSW as a whole.
Comparing Lidcombe,2141 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.37% offered to property buyers. Sellers in Lidcombe itself are offering an average vendor discount of -7.18% to real estate investors.
Information supplied by:
Lidcombe, NSW – Rentals are going strong
Median unit price: $710,000
Vacancy rate: 1.7%
Three-year growth: 1.4%
Situated in western Sydney approximately 18km from the Sydney CBD, the suburb of Lidcombe sits just west of Rookwood Cemetery, which is considered the largest cemetery in the southern hemisphere and is one of the suburb’s heritage sites.
The Lidcombe hospital precinct is located on Joseph Street, and the Lidcombe railway station is regarded as a major terminal serving several train lines, including the Olympic Park to Sydney Olympic Park line. The station also acts as a bus stop. The Lidcombe Public School was first established in the late 1800s. The Lidcombe Shopping Centre caters to residents’ retail requirements, and Tooheys Brewery makes it home here.