Lyneham has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 14.81% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Lyneham comes in at number 8th in ACT.
Using the current median advertised rental of $545 and the average annual increase in value of a median property of 6.16%, investors should hope to achieve an overall return of 3.09%
With a capital gain of 0.00% for the last 12 months, Lyneham, 2602 has performed for property investments than its average annual 1.39% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Lyneham,2602 has racked up an average of 0.00% over the period. This ranks it number 1325th in the whole country for real estate investors looking at median house price increases.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.70% offered to property buyers. Sellers in Lyneham itself are offering an average vendor discount of -3.25% to real estate investors.
In the last year 71 properties changed hands in Lyneham, which puts it as the 17th most active market in ACT when comparing the number of sales per suburb.
Advertised rents are around the $420 mark per week – giving a return of 5.46% based on the median price in Suburb
Likely in anticipation of a strong performance given Canberra’s rise in the national property market, the apartment supply in Lyneham has risen by almost 7%, according to Real Estate Investar.Full summary
Information supplied by:
Apartment numbers rise in expectation of demand
Median unit price: $397,500
Stock on market: 6.5%
12-month growth: -2.93%
Named for a premier of New South Wales, the suburb of Lyneham is a well-located suburb with numerous amenities. Likely in anticipation of a strong performance given Canberra’s rise in the national property market, apartment supply has risen by almost 7%, according to Real Estate Investar.
CoreLogic data suggest that this expectation may be paying off as Lyneham recorded a 3.1% increase in unit prices over the April 2017 quarter. Rental yield is also high at 5%, which could attract investors.
Lyneham is surrounded by parks and bushland, but it retains a convenient city feel. Well-known cafes dot the streets, and the Exhibition Park in Canberra plays host to several events. There are numerous sports facilities, as well as primary and secondary schools. The capital of Canberra can be reached in less than 30 minutes by bus.