Suburb Profile Report for Lyneham ACT (2602)

Lyneham House: Median price $750,000, Annual capital growth 2.80%, Number of sales 39, Weekly median advertised rent $625

Lyneham Unit: Median price $410,000, Annual capital growth 2.29%, Number of sales 64, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Property investors who have had real estate in Lyneham, 2602 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.09%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lyneham has increased when compared to the 5 year average annual rate.

With the median price for a house in Lyneham being $750000 and the advertised rent reaching $625 the gross rental yield for property investors calculates out to be 4.33%

Giving property investors a an average capital gain of -1.80% for the last year, Lyneham, 2602 is the 814th highest performer in Australia in this respect.

A -2.38% growth in median value for property investors in Lyneham,2602 puts this suburb at number 31th in terms of best performing suburbs in ACT

Sellers are offering property buyers an average discount of -3.24% to buyers in Lyneham at the moment, which is less than average for the rest of ACT.

Lyneham is 18th on a list of best yielding suburbs for rents in ACT with a 5.71% return

Information supplied by:


August 2018

M
O

W
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Units are the star attraction

Postcode: 2602

Median unit price: $400,000

Stock on market: 42.4%

12-month growth: 0.0%

A fairly new suburb developed in 1958, Lyneham is seeing a considerable inflow of units to the market. The number of apartments available rose from 27 to 40 in the 12 months to May 2018. The unit lifestyle seems to be popular here, as such properties outnumber houses, though this market has been flat over the past year, seeing no growth across that period.

Units are reasonably priced at a median value of $400,000. Additionally, the rental market is strong, with investors reaping an average return of 5.5% on $420 average rent per week.

Lyneham is just about 4km from the Canberra CBD, which could explain the popularity of units for professionals working in the city centre. There are several local schools here, namely, Lyneham High School, Lyneham Primary School and Brindabella Christian College.

Metrics i HOUSE UNIT
$750,000 $410,000
1.35% 0.00%
-4.09% -1.80%
2.80% 2.29%
$625 $450
39 64
4.33% 5.71%
46.545456 65.577774

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 4485
Median household income ($/weekly) 1643
Median age of persons 36
Median housing loan repayment ($/monthly) 2000
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 487 10.9
    25-34 years 985 22.0
    35-44 years 586 13.1
    45-54 years 576 12.8
    55-64 years 514 11.5
    Others 1337 29.8
    Age Group
    Census Count Percent(%)
    Not Married 1647 49.9
    Registered Married 1181 35.8
    Defacto Relationship 473 14.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2877 71.0
    Indonesia 78 1.9
    United Kingdom 226 5.6
    Viet Nam 61 1.5
    Other 238 5.9
    Others 574 14.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 190 4.9
    Christianity 1894 48.6
    Hinduism 75 1.9
    Islam 53 1.4
    No Religion 1641 42.1
    Others 47 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 134 8.0
    $1,500-$1,999 239 14.3
    $2,000-$2,499 168 10.0
    $2,500-$2,999 184 11.0
    $4,000 or more 131 7.8
    Others 816 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1588 43.9
    Not in the labour force 1124 31.0
    Employed, worked part-time 640 17.7
    Employed, away from work 166 4.6
    Unemployed, looking for work 102 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 354 14.8
    Professionals 995 41.5
    Technicians & trades workers 182 7.6
    Community & personal service workers 205 8.5
    Clerical & administrative workers 378 15.8
    Others 284 11.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 176 17.0
    Secondary 154 14.9
    Technical or Further Educational Institution 106 10.2
    University or other Tertiary Institutions 527 50.9
    Other type of educational institution 37 3.6
    Others 35 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1725 44.7
    Semi-detached, row or terrace house, townhouse 1389 36.0
    Flat, unit or apartment 736 19.1
    Caravan, cabin, houseboat 8 0.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 899 49.6
    Fully owned 466 25.7
    Being purchased 427 23.6
    Other tenure type 20 1.1
    Tenure Type
Census 2011, ABS
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