Lynbrook, nestled in the picturesque South East Melbourne region, is a charming suburb renowned for its family-friendly atmosphere, lush green spaces, and convenient amenities. Boasting a tranquil setting with plenty of parks, excellent schools, and easy access to public transport, Lynbrook offers residents a relaxed yet connected lifestyle in a thriving community.
Real Estate Statistics:
- Median Sale Price: The median sale price for properties in Lynbrook stands at $795,000, reflecting the suburb’s desirability and steady market growth.
- 5-Year Median Price Trend: Over the past five years, property prices in Lynbrook have shown consistent growth, with prices increasing every year.
- Property Market Insights: In the past month, 17 houses have been available for sale in Lynbrook, indicating a dynamic and active real estate market. Additionally, 76 houses were sold in the past 12 months, highlighting strong buyer demand and market activity.
- Median Time on Market: With a median time on market of 30 days, houses in Lynbrook typically sell within a reasonable timeframe, underscoring the suburb’s appeal to buyers.
- Buyer Interest: Lynbrook continues to attract significant buyer interest, with 988 prospective buyers actively considering properties in the area.
- Rental Yield: The suburb offers a competitive rental yield of 3.7%, making it an attractive option for investors seeking solid returns on their investment properties.
Lynbrook boasts an abundance of amenities and attractions to enhance residents’ lives. From the scenic Banjo Paterson Lake and Park to the well-regarded St Francis De Sales Primary and Lynbrook Primary School, the suburb offers plenty of opportunities for outdoor recreation and quality education. Close proximity to walking trails, public transport options at every corner, and a convenient train station in the area further add to the suburb’s appeal.
Lynbrook stands as a sought-after destination for homebuyers, investors, and families seeking the perfect blend of natural beauty, convenience, and community living. Contact Alex and Maureen Bartolo from Alex & Maureen Bartolo, your trusted Lynbrook real estate agents, for a free market appraisal and expert advice on how much your house is worth.
Don’t miss out on the opportunity to make Lynbrook your new home – get in touch with us today!