Suburb Profile Report for Lyneham ACT (2602)

Lyneham House: Median price $896,250, Annual capital growth 3.34%, Number of sales 34, Weekly median advertised rent $720

Lyneham Unit: Median price $400,000, Annual capital growth -0.08%, Number of sales 98, Weekly median advertised rent $440

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Lyneham is in the TOP 10% in ACT when comparing median price capital growth over the last year. Lyneham gave property investors a very good capital gain figure when compared to the rest of the state, with 14.83%.

Comparing Lyneham,2602 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Lyneham is 33th on a list of best yielding suburbs for rents in ACT with a 4.18% return

With a capital gain of 4.71% for the last 12 months, Lyneham, 2602 has performed for property investments than its average annual -0.08% property growth over the last 5 years.

The five-year average increase in median property values for Lyneham,2602 has given property investors a potential capital gain of -0.62% across each of those five years.

The most recent median price for Lyneham is $400000, with sellers offering an average of -2.14% off the asking price.

Situated 3.23km from the CBD, Lyneham is one of Unincorporated ACT localities in the postcode 2602.

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
$896,250 $400,000
6.82% 2.56%
14.83% 4.71%
3.34% -0.08%
$720 $440
34 98
4.18% 5.72%
N/A 88.06

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. 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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