Over the last year, property investments in Lilydale, 3140 have given investors a capital gain of 4.29%. This compares badly with the 8.62% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Lilydale,3140 has racked up an average of 4.29% over the period. This ranks it number 338th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -4.94% to buyers in Lilydale at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 7.54%, investors should hope to achieve an overall return of 2.85%
At number 148th in the list of Australian suburbs ordered by increase in median house value over the last year, Lilydale, 3140 is in the top 10% with a property value increase of 19.31% recorded in median house prices.
The five-year average increase in median property values for Lilydale,3140 has given property investors a potential capital gain of 58.05% across each of those five years.
Our latest figures would indicate that property sellers in Lilydale are currently offering property investors an average price cut of -2.85% below the asking price at the moment.
Renters in Suburb are facing rents around $16640 per annum or $320 every week.