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.
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Units are the star attraction
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.