Loading...
Loading...
The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
2023 Picki. All rights reserved.
Lyrup is a suburb in District Council of Renmark Paringa, Australia with 301 residents. The median house price is $215K with a rental yield of 7.6%. Our analysis rates Lyrup with a suburb score of 27/100 for investment timing.
Property prices in this suburb may grow below average in the short term. Rental growth could also slow during this consolidation phase. Consider monitoring market indicators before investing.
27
Suburb Score
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
Loading...
What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia, not just the highlighted ones advertisers pay for. We scan over 12,000 real estate agent websites daily across Australia, from the leading agencies to the smallest local ones. This effort means Picki reveals 30% more properties for sale compared to other sites. And since some homes show up on local agent sites days before they appear on the major advertising platforms, Picki provides you an early advantage.
View all propertiesSuburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
|---|
Lyrup has a suburb score of 27/100 for investment timing, placing it in the emerging investment category. While current market conditions in Lyrup suggest a cautious approach, there may be specific property types or price points that offer value. We recommend detailed due diligence on individual properties and monitoring Lyrup's market trends.
Lyrup's capital growth outlook is variable based on current market indicators. Capital growth in Lyrup may be uneven and dependent on broader market conditions. We recommend focusing on properties with strong individual characteristics such as location, land size, and development potential.
Lyrup is located within District Council of Renmark Paringa Local Government Area in Australia. District Council of Renmark Paringa encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Lyrup is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Lyrup is $215K based on recent sales data. At this price point, Lyrup offers an affordable entry into the Australia property market, potentially providing higher rental yields and cash flow positive investment opportunities.
Lyrup has an average rental yield of 7.6%, which is above the national average, making it attractive for investors prioritizing cash flow and rental income. High-yield suburbs like Lyrup can provide positive cash flow from day one, offsetting holding costs and mortgage payments.
Lyrup has a population of approximately 301 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Lyrup is a smaller, more exclusive suburb which may offer unique lifestyle benefits and potential for price premiums on quality properties.
Lyrup's suburb score of 27/100 can be compared against other suburbs in District Council of Renmark Paringa to identify relative investment value. Lyrup's current score suggests other suburbs in District Council of Renmark Paringa may offer better investment timing at present. Use our suburb comparison tools to identify the highest-scoring alternatives in the area. Compare all suburbs in District Council of Renmark Paringa using our platform to find the best investment opportunities.
