With a capital gain of 0.71% for the last 12 months, Lilydale, 3140 has performed for property investments than its average annual 6.14% property growth over the last 5 years.
The five-year average increase in median property values for Lilydale,3140 has given property investors a potential capital gain of 45.36% across each of those five years.
Lilydale3140 is located in VIC which offers an average discount of -6.51% to property investors. Lilydale itself is showing figures that indicate -7.25% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $422.5 mark per week – giving a return of 3.12% based on the median price in Suburb
Property investors who have had real estate in Lilydale, 3140 should be ok 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 1.00%
If we look at median property appreciation over just the last three months, Lilydale has given property investors a paper return of 6.37%. This puts Suburb as 38 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Lilydale should be aiming for at least -8.87% off the asking price, which is the average vendor discount being achieved at the moment.
At number 111 in a list of fastest selling suburbs, Lilydale is in the TOP 10% of suburbs in Australia with an average of days on market 48.85 for properties listed there.
Property investors should expect to get $370 weekly from the median priced house in this suburb.
Information supplied by:
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.