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
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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.