Located in Victoria within the Yarra Ranges local government area, Lilydale is a well-established suburb (postcode 3140). It is home to about 17,348 residents, with a settled mid-life population and a median age of 40. Households earn a median income of $92K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Lilydale is $822,000, having declined by 5% over the past year. Units have a median price of $613,000 (+0.1% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,950.
Lilydale is served by 8 schools, including 3 primary, 3 secondary, 1 combined, 1 special. The average ICSEA score is 1027, which is around the national average of 1,000. Public transport access includes 10 rail stations, 79 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.8% (moderate yield). Property prices are near the state median ($822K/$875K). The price-to-income ratio of 9.0x is considered moderate. House prices have moved -5.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.