Thinking about buying in Lillico? Now could not be a better time, with just 16 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $518,000 with prices in this suburb ranging from $64,000 to $1,024,000. Lillico is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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In Lillico there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Lillico are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Lillico provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Lillico necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Lillico we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Lillico a better buying opportunity than it may have been in the past.
84 solomons rd, lillico, vic, 3820 | 5 | 4 | 2 | $3,700,000 |
Devonport Christian School
(While the above schools are located with the suburb of Lillico there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 2.2 | 8.4 | 17.2 | 46.2 | 89.2 | 4.0 | 23.5 |
Feb | 3.9 | 8.4 | 16.7 | 51.1 | 92.0 | 3.3 | 19.7 |
Mar | 4.1 | 6.2 | 13.5 | 62.2 | 94.8 | 3.2 | 15.6 |
Apr | 4.8 | 3.9 | 9.8 | 68.1 | 95.4 | 3.7 | 11.8 |
May | 4.6 | 1.2 | 5.9 | 70.7 | 95.0 | 4.0 | 8.4 |
Jun | 4.9 | -0.9 | 3.2 | 75.3 | 97.2 | 3.0 | 7.4 |
Jul | 7 | -1.6 | 1.9 | 81.4 | 97.1 | 3.3 | 6.9 |
Aug | 6.4 | -1.9 | 2.5 | 78.5 | 98.4 | 3.7 | 8.9 |
Sept | 6.8 | -0.2 | 5.9 | 65.4 | 96.2 | 4.2 | 13.5 |
Oct | 4.7 | 2.4 | 10.2 | 57.2 | 93.4 | 3.9 | 18.5 |
Nov | 5.3 | 4.1 | 12.3 | 56.2 | 93.9 | 4.0 | 21.7 |
Dec | 5.0 | 6.4 | 15.0 | 52.7 | 91.9 | 3.9 | 23.8 |
source: Australian Government Bureau of Meteorology
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