Suburb Profile Report for Lilydale VIC (3140)

Lilydale House: Median price $740,000, Annual capital growth 5.25%, Number of sales 146, Weekly median advertised rent $415

Lilydale Unit: Median price $512,000, Annual capital growth 4.68%, Number of sales 66, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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Lilydale, 3140 ranked 356th in VIC when comparing growth in median property values or capital gain over the last 12 months. Lilydale is one of 2099 in our list for VIC

Lilydale,3140 has offered an average of 7.25% return per annum in house price rises to property investors over the last three years.

Lilydale, 3140 is offering VIC ‘s 342th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

At number 122 in a list of fastest selling suburbs, Lilydale is in the TOP 10% of suburbs in Australia with an average of days on market 31.2097 for properties listed there.

Property investors who have had real estate in Lilydale, 3140 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.53%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lilydale has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Lilydale should be aiming for at least -4.26% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $360 mark per week – giving a return of 3.66% based on the median price in Suburb

Information supplied by:


January 2019

M
O

W
E

Picturesque suburb where old meets new

Postcode: 3140

Median house price: $725,000

Three-year growth: 42.2%

Rental yield: 2.9%

The beautiful Yarra Valley lies around 35km from Melbourne’s CBD, and it’s here that you’ll find Lilydale, a suburb as tranquil and picturesque as it sounds. Tree-lined streets and manicured lawns are common in this residential hub, which also sits at the gateway to the Dandenong Ranges.

Local amenities include Lilydale Lake, which provides fully accessible playground with BBQ facilities and walking tracks, and surrounding the lake are modern housing estates, such as Lakeview Estate.

A number of urban cafés and restaurants are scattered throughout the suburb. Residents have access to plenty of shopping, via local shopping centres Lilydale Marketplace and The Lilydale Village, along with a Baby Bunnings and a number of other commercial shops. There are four senior schools and several primary schools in the suburb, making Lilydale a popular choice for families.

Metrics i HOUSE UNIT
$740,000 $512,000
1.93% -0.39%
7.25% 12.53%
5.25% 4.68%
$415 $360
146 66
2.92% 3.66%
31.2096774193548 35.9038461538462

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 15649
Median household income ($/weekly) 1284
Median age of persons 37
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 2100 13.4
    25-34 years 1848 11.8
    35-44 years 2295 14.7
    45-54 years 2352 15.0
    55-64 years 1705 10.9
    Others 5350 34.2
    Age Group
    Census Count Percent(%)
    Registered Married 6121 52.7
    Not Married 4591 39.6
    Defacto Relationship 896 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 12391 82.1
    Japan 237 1.6
    Papua New Guinea 198 1.3
    United Kingdom 1065 7.1
    Other 284 1.9
    Others 912 6.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 117 0.8
    Christianity 9690 67.7
    Islam 47 0.3
    Other Religious Groups 64 0.4
    No Religion 4340 30.3
    Others 56 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 475 9.6
    $800-$999 475 9.6
    $1,000-$1,249 458 9.2
    $1,500-$1,999 724 14.6
    $2,000-$2,499 566 11.4
    Others 2261 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5002 41.3
    Not in the labour force 3744 30.9
    Employed, worked part-time 2532 20.9
    Employed, away from work 517 4.3
    Unemployed, looking for work 331 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 902 11.2
    Professionals 1224 15.2
    Technicians & trades workers 1514 18.8
    Clerical & administrative workers 1283 15.9
    Sales 892 11.1
    Others 2236 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 286 7.4
    Infants/Primary 1370 35.4
    Secondary 1178 30.5
    Technical or Further Educational Institution 394 10.2
    University or other Tertiary Institutions 508 13.1
    Others 132 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13247 89.2
    Semi-detached, row or terrace house, townhouse 913 6.1
    Flat, unit or apartment 621 4.2
    Caravan, cabin, houseboat 63 0.4
    House or flat attached to a shop, office 9 0.1
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2496 45.6
    Fully owned 1812 33.1
    Rented 1106 20.2
    Other tenure type 59 1.1
    Tenure Type
Census 2011, ABS
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