Lilydale

Lilydale, VIC 3140 is a growing suburb with a diverse population. The residents are mainly aged between 20-64 years, with a good mix of occupations including professionals, managers, and technicians/tradeworkers. The suburb has a moderate level of social housing and offers various commuting options, with a significant number of residents working from home. The educational advantage of the local government schools is average, ranked at the 50th percentile. For houses in Lilydale, there is a high market absorption rate and low vacancy rate, indicating strong demand and potential for capital growth. With a moderate rental yield, houses can be attractive for investors seeking steady returns. The suburb also shows a good growth trend in median house prices over the long term. For units, although offering a slightly higher yield than houses, the market conditions are also favourable with a decent market absorption rate and low vacancy rate. Lilydale, VIC 3140 presents a mixed market for both house and unit investments. Homeowners looking to settle in a vibrant suburb with good amenities and infrastructure will find it appealing. With a strong demand for rental properties, investors may benefit from the potential for capital growth and rental returns in both the housing and unit markets. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022