Is Lyneham a good suburb?
Lyneham is one of the oldest yet constantly evolving suburbs, ranked by locals the 6th best suburb in Greater Canberra for living. The suburb experienced an inflow of young bohemians, students, professionals and couples with children who were attracted by Lyneham’s tree-lined streets, proximity to the CBD’s amenities, great public transportation, and local schools.
The majority of the population evolved a lot with the area itself: today’s Lyneham is home for young individuals, couples with or without children of 20 to 39 years old. Students, hipsters and freelancers now work in local coffee shops, swap books and enjoy art or outdoor activities.
Local schooling and institutional options are numerous, but Lyneham is only 4km away from Canberra, which means Lyneham dwellers can enjoy all the capital’s amenities. It has become a perfect mix between heritage and youth and an ideal place to start a family or spend your best independent years.
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Lyneham at a glance:
- 29 parks and multiple established gardens
- Most households are childless couples or couples with children 20 – 39 y.o.
- The half of the property market is owner-occupied and another half – rented
- Lyneham is only 4 km from CBD
- Public transport: light rail stations and buses
- Education: number of primary schools, high schools and college. Book Lore store with second-hand literature and more than 20,000 books
- A lot of popular cafes and coffee shops, including famous jazz nights at Tilley’s Devine Cafe and Gallery and live music and art exhibitions at the Front Cafe and Gallery. The Royal Canberra Show, the National Folk Festival and Summernats are some must-visit festivals in the area.
- Sport: all imaginable outdoor activities, bicycle paths, but also National Hockey Center, Canberra Racecourse and the ACT Netball Center.
- The second oldest church in Canberra is in Lyneham – St Ninian’s Uniting Church in Brigalow Street.
RK Property is your trusted Real Estate Agent in Lyneham
Lyneham real estate market is an eclectic mix of modern townhouses, apartment complexes, and separated old houses with established gardens, and leafy streets.
Due to the suburb’s proximity to Canberra, the property market in Lyneham is constantly growing and prices are rising. Over the last year, real estate in Lyneham went up 15% and the median house price is now $1,000,000, while the median unit price remains affordable – $450,000.
The housing market in Lyneham welcomes some new developments like Embark – a multi-stage apartment project.
RK Property Partners monitor all property developments in the area and stay one of the best real estate agents in Canberra. Our real estate agents have over 50 years combined in Canberra real estate. We made the process of buying, selling, or renting a house easier and no-stress and established a good reputation and connections in all Canberra’s suburbs. We hand-picked our team for their multiple rewards, numerous record prices, 100% clearance rate, and the lowest in all Canberra district vacancy rates for rental properties.
To work with us, contact our team experts.
Sell My Home in Lyneham
If you are looking to Sell your Home in Lyneham, RK Property Partners is here to help you list your property. We offer Sellers Guides for downloading and can provide information on our recently sold properties.
The average sale price you can expect to get selling your house in Lyneham is $1,000,000 or $450,000 for units. However, the RK Property Partners team is well-known for achieving record sale prices for our clients and we offer a free appraisal supported by a comprehensive report for every future seller, claim your free appraisal and find out how much your property is worth in today’s Lyneham market.
The high-demand market of this area means that the property will be listed for sale and sold within 100-180 days maximum. The most popular buyers’ choices are 3-bedroom houses and 1-2 bedroom units.
Our team of experts can help you get the best price for your property. We’ll work with you every step of the way to make sure the process is as smooth as possible. Contact us today to get started!
Buy A Home in Lyneham
Imagine a world where you can finally call your own home. A promising future awaits with RK Property Partners as we are experienced local real estate agents in Lyneham and can get the most advantageous on and off-market deals. If you’re looking to buy a house in this area, check our houses for sale in Lyneham online or contact our office directly.
Planning to buy a house in Lyneham starts with getting familiar with the whole process and setting up your budget. Get more information from RK Property Partners today – we created an awesome and in-depth downloadable Buyer guide for our customers.
Regarding the budget, consider spending from $450,000 buying a unit, or around $1,000,000 purchasing a house. Keep in mind that Lyneham real estate is highly competitive due to its accessibility to Canberra’s conveniences and unbeatable lush location.
Property Management in Lyneham
RK Property Partners manage property all around Canberra and its best suburbs keeping the vacancy rates low – our award-winning owner-manager implemented a strong marketing strategy combined with an effective and meticulous management approach.
Rental property owners in Lyneham see an average annual rental yield of 3.8% for houses and outstanding for Canberra’s suburbs 5.5% for units. The median marketed rent is $650 PW for a house and $478 PW for units. To keep your returns high, we designed a free downloadable Landlords’ Guide that every property investor should have.
If you’re looking for a property manager, start with our full “Finding the right property manager” guide and ask our team any questions.
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Free Property & Market Appraisals
Thinking of selling? We’ll appraise your property for free, based on current marketing conditions and buyer demand. RK Property Partners home appraisals are extensive and personalised, and have proven to be invaluable resources for our clients when selling their home.
