Property investors who have had real estate in Lilydale, 3140 should be relatively 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 12.54%
Lilydale,3140 was ranked 1684 in Australia by increase in median property value over the quarter.
Lilydale3140 is located in VIC which offers an average discount of -5.04% to property investors. Lilydale itself is showing figures that indicate -3.77% is the average achievable by property buyers investing in the suburb.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 2.77%, without taking into account capital value appreciation, which has been averaging out at 7.99%.
Over the last year, property investments in Lilydale, 3140 have given investors a capital gain of 15.14%. This compares favourably with the 8.36% for VIC as a whole.
A 49.73% growth in median value for property investors in Lilydale,3140 puts this suburb at number 14th in terms of best performing suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lilydale, 3140. Typically our figures indicate that -3.09% is being offered, which puts this VIC suburb at 1279th most discounted overall in Australia.
Situated 33.87km from the CBD, Lilydale is one of Yarra Ranges localities in the postcode 3140.