VIC has seen average median house prices change by 1.54% which means that Lilydale, 3140 has done well for property investors by showing a capital gain of -6.46% over the last year
Lilydale,3140 has offered an average of -6.46% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Lilydale 3140 should be seeing an average reduction in asking price of around -6.16% . This means that Lilydale is holding prices well when compared to other suburbs in VIC.
Situated 35.01km from the CBD, Lilydale is one of Yarra Ranges (S) localities in the postcode 3140.
At number 1106th in the list of Australian suburbs ordered by increase in median house value over the last year, Lilydale, 3140 is in the BOTTOM 40% with a property value increase of -5.83% recorded in median house prices.
The five-year average increase in median property values for Lilydale,3140 has given property investors a potential capital gain of 40.17% across each of those five years.
Our latest figures would indicate that property sellers in Lilydale are currently offering property investors an average price cut of -5.42% below the asking price at the moment.
The VIC suburb of Lilydale, 3140 is in the Yarra Ranges (S) local government area.
Information supplied by:
Picturesque suburb where old meets new
Median house price: $725,000
Three-year growth: 42.2%
Rental yield: 2.9%
The beautiful Yarra Valley lies around 35km from Melbourne’s CBD, and it’s here that you’ll find Lilydale, a suburb as tranquil and picturesque as it sounds. Tree-lined streets and manicured lawns are common in this residential hub, which also sits at the gateway to the Dandenong Ranges.
Local amenities include Lilydale Lake, which provides fully accessible playground with BBQ facilities and walking tracks, and surrounding the lake are modern housing estates, such as Lakeview Estate.
A number of urban cafés and restaurants are scattered throughout the suburb. Residents have access to plenty of shopping, via local shopping centres Lilydale Marketplace and The Lilydale Village, along with a Baby Bunnings and a number of other commercial shops. There are four senior schools and several primary schools in the suburb, making Lilydale a popular choice for families.