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Lilydale, TAS 7268

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Lilydale, TAS 7268 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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No Rent Data
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Lilydale, TAS 7268”

  1. The total adult population (15 years or older) of Lilydale 7268 TAS is 528, with a median age of 44. Of those, 46.78% are married, 16.10% are divorced or separated, 32.01% are single and 4.92% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,124. The median monthly mortgage repayment for households in this suburb is $1,196 which is 19.53% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Lilydale 7268, nestled in the picturesque region of Tasmania, covers a quaint community of approximately 373 households. As the third quarter of 2023 unfolds, the typical price for houses in Lilydale 7268 confidently sits at $499,444, with a median weekly rent of $403. The calculated indicative yield of 4.2% essentially positions Lilydale as an attractive market for investors with a cashflow-centered approach, as yields above 3% denote fitting investment prospects.

    The socio-economic canvas of the area carries an IRSAD score of 937 out of 1217, hinting at a well-to-do residential demographic with decent access to economic resources and a potential concentration of skilled officials. Lillydale’s renter to owner ratio stands at a low 15%, which is well within the preferred benchmark of 30% and under. Such a low ratio flags Lilydale as a location with low rental saturation, which could lead to higher returns in the long term.

    It’s also worth noting that Lilydale has a no units to houses ratio, implying a property market solely composed of houses. This absence of units can help drive lower competition amongst landlords and result in longer tenancy periods, thereby providing exciting possibilities for property investors. The affordability index of the suburb is registered at 32 years, which, whilst marginally greater than the standard 30-year mortgage assumption, could be manageable for persistent property seekers.

    Supply metrics for Lilydale display a stock on market Percentage of 0.54% and an inventory level of 3.0 months; although slightly above the ideal ranges, they sit comfortably within the neutral territory. The building approvals Ratio for houses in Lilydale is at 0.0%, showing minimal growth in new dwelling stock. Domain statistics reveal houses to be on the market for an average of 50 days, which again, is a middling figure pointing to neutral demand.

    The vacancy rate for the suburb (consolidating both houses and units) is a moderate 1.79%, showcasing a balanced property market catering to the needs of potential tenants and investors alike. Lastly, the buy search index for houses stands at 3, indicating a steady but controlled demand for properties.

    While some metrics may not lie precisely within favourable ranges, it’s important to take into account the overall picture that they paint together, as well as the trends they exhibit. The suburb’s dominant presence of houses, low rental saturation, and attractive yield, coupled with balanced supply and demand dynamics, paint a promising picture for potential investors. For a more holistic and deep-dive analysis, consider HtAG analytics’ Relative Composite Score (RCS) metric, which leverages over 80 metrics to simplify investment analysis, ensure accurate forecasting and aid in making informed property decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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