Investment property in Lilydale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.16%
Lilydale,3140 was ranked 1605 in Australia by increase in median property value over the quarter.
Lilydale, 3140 is offering VIC ‘s 246th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Giving property investors a a poor capital gain of -15.38% for the last year, Lilydale, 3140 is the 1367th highest performer in Australia in this respect.
Lilydale,3140 has offered an average of -15.38% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Lilydale 3140 should be seeing an average reduction in asking price of around -7.46% . This means that Lilydale is holding prices well when compared to other suburbs in VIC.
Lilydale, 3140’s gross rental yield is 4.21%
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Picturesque suburb where old meets new
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.