With a capital gain of -14.48% for the last 12 months, Lindfield, 2070 has performed for property investments than its average annual 7.02% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lindfield has increased when compared to the 5 year average annual rate.
At number 2047 in a list of fastest selling suburbs, Lindfield is just in the bottom half of suburbs in Australia with an average of days on market 76.7143 for properties listed there.
Using the current median advertised rental of $1200 and the average annual increase in value of a median property of 7.02%, investors should hope to achieve an overall return of 2.69%
At number 359th in the list of Australian suburbs ordered by increase in median house value over the last year, Lindfield, 2070 is in the top 30% with a property value increase of 4.67% recorded in median house prices.
If we look at median property appreciation over just the last three months, Lindfield has given property investors a paper return of -0.88%. This puts Suburb as 226 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Lindfield is $1120000, with sellers offering an average of -7.14% off the asking price.
Often selling an investment property can take time, and in Lindfield the average time real estate has been on the market is 97.5172 days.
Lindfield is 509th on a list of best yielding suburbs for rents in NSW with a 2.88% return
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Supply soars in premium suburb
Median unit price: $1,060,000
Stock on market: 83.7%
12-month growth: 11.2%
The suburb of Lindfield is in the Upper North Shore region of Sydney, 13km northwest of the CBD. In the 12 months to June 2018, it has seen remarkable growth both in demand and supply.
The stock of units and houses in the market rose significantly in this period, with stock on market rising by a significant 83.7%. Supporting the increased supply, however, is considerable demand – Lindfield’s unit market recorded 11.2% growth over the year, causing the median apartment value to pass the $1 million mark. This continues a strong streak of positive growth that has been observed since 2013. Units have also been selling fairly quickly, spending less than two months on the market.
Lindfield is bordered by the bushlands of Garigal National park and Lane Cove National Park. The established suburb is known for its laid-back atmosphere and leafy environment.