Lilyfield NSW 2040: Property Market Report & Real Estate Insights

Part of Inner West, NSW

Lilyfield Real Estate Market Outlook

Thinking about buying in Lilyfield? Now could not be a better time, with 4214 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,221,000 with prices in this suburb ranging from $61,000 to $8,741,000. Lilyfield is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Lilyfield

Consistent high demand relative to supply is a key feature in Lilyfield driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Lilyfield ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Lilyfield classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Lilyfield requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Lilyfield, located in the Inner West of Sydney, NSW, has become an increasingly sought-after area within the bustling Sydney real estate market. Known for its charming and eclectic mix of character-filled heritage homes and contemporary apartments, the housing landscape in Lilyfield offers a diverse range of options for both buyers and renters. Over recent years, the suburb has experienced significant growth in property values, reflecting its rising desirability. Proximity to Sydney’s central business district, combined with the suburb's leafy, suburban feel, has made it particularly attractive to young professionals and families. The housing market in Lilyfield often features competitive bidding, making it essential for potential homeowners to act swiftly and decisively. Despite the competitive market, the allure of Lilyfield's vibrant community and convenient location continues to draw interest and bolster the area's real estate appeal.

Living in Lilyfield offers a unique blend of suburban tranquility and urban convenience, creating an idyllic lifestyle for its residents. The suburb is dotted with parks and green spaces, such as Callan Park and the Bay Run, providing ample opportunities for outdoor activities and relaxation. The presence of quality schools, local cafes, and boutique shops adds to the area's charm, fostering a welcoming community atmosphere. Public transport options are plentiful, with light rail and bus services providing easy access to Sydney’s downtown and surrounding regions. Residents enjoy a strong sense of community, supported by local events and markets that bring people together. The suburb's close-knit and friendly vibe, combined with its strategic location, makes Lilyfield a highly desirable place to call home, offering residents both the vibrancy of urban living and the quiet comfort of suburbia.

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