Giving property investors a a poor capital gain of -8.66% for the last year, Lidcombe, 2141 is the 3663th highest performer in Australia in this respect.
Lidcombe,2141 has offered an average of -8.66% return per annum in house price rises to property investors over the last three years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.46% offered to property buyers. Sellers in Lidcombe itself are offering an average vendor discount of -7.76% to real estate investors.
With the median price for a house in Lidcombe being $1055000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 2.71%
Investment property in Lidcombe has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.40%
When looking at the potential capital gains offered to property investors over the last 3 years, Lidcombe comes in at number 259th in NSW.
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 Lidcombe, 2141. Typically our figures indicate that -6.50% is being offered, which puts this NSW suburb at 361th most discounted overall in Australia.
On average over the past year, suburb has had 17.83 sales per month, which equates to 214 per year.
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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.