If you compare the increase in value of investment property in Lyneham, 2602 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was -1.82%.
Over the longer term, Lyneham has seen property prices show investors a 2.16% return over the last 3 years. This is worse than over the last 12 months
Property investors should expect to get $600 weekly from the median priced house in this suburb.
Giving property investors a an average capital gain of -3.66% for the last year, Lyneham, 2602 is the 855th highest performer in Australia in this respect.
Comparing Lyneham,2602 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
LACK OF BUYER INTEREST may well be the reason that Lyneham is offering property investors an average of -3.71. This rate of discount on properties puts Suburb at number 26th in terms of most discounted suburbs in ACT
In the last year 59 properties changed hands in Lyneham, which puts it as the 13th most active market in ACT when comparing the number of sales per suburb.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
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.