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:
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.