Lilyfield is in the bottom 20% in NSW when comparing median price capital growth over the last year. Lilyfield gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.72%.
Comparing Lilyfield,2040 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Lilyfield, 2040’s gross rental yield is 2.63%
With a capital gain of -8.24% for the last 12 months, Lilyfield, 2040 has performed for property investments than its average annual 9.98% property growth over the last 5 years.
Lilyfield,2040 has offered an average of -8.24% return per annum in house price rises to property investors over the last three years.
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Working-class suburb enjoys upgrade
Median house price: $1,567,500
Three-year growth: 60.60%
Rental yield: 2.49%
A stone’s throw west of the Sydney CBD, Lilyfield has seen its stock rise due to gentrification and renovation.
Originally a suburb for the working class, Lilyfield is now mainly targeted towards the middle class, with many investors choosing to redevelop the old workers’ cottages. Thus, the median house price has soared to over $1.5m. In the past 12 months alone, there was nearly 12% growth, with vendors unloading homes while offering a very low average discount of just 2.2%
Rental yield isn’t very high here given the high prices and stiff competition. Nonetheless, the income will surely be steady as the average vacancy rate indicates that the majority of properties are occupied.
Lilyfield is highly accessible by tram and several bus routes. The City West Link Road is linked to the A4, and various bicycle routes can lead to Parramatta.