Get a property report and suburb profile for any property in Lilyfield

Lilyfield sits beside Rozelle Bay and the Iron Cove foreshore, between Rozelle, Leichhardt and Annandale. Tree-lined streets of Federation and Victorian cottages sit alongside pockets of converted warehouses and modern apartments, reflecting the suburb's industrial past. The Inner West Light Rail terminus at Lilyfield links the area with the CBD, and foreshore parks, cycleways and walking paths support an active outdoor lifestyle. Cafes and shops in neighbouring Leichhardt and Rozelle meet most local needs.

The area leans towards families — couple families with children are the largest group at 51.5% — and ownership is common, with 63.5% of homes owner-occupied and 36.6% rented. Major local works affect Lilyfield, including the Rozelle Interchange tunnels beneath parts of the suburb and new parkland on the Lilyfield side of the City West Link, plus a proposed "Lilyfield Connection" pedestrian and cycle link for council to deliver. Council projects also include design work for tidal baths, a staged aquatic centre upgrade, a jetty renewal and local road and pedestrian improvements.

A median house in Lilyfield sits at about $2,367,000, which works out to roughly 15.9 times a typical local household's annual income at the last Census. On these figures, buying a house sits well above what households locally earned at the last Census.

Looking at rents, a house rent of $1,090 a week would take about 38.2% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $610 a week would take about 21.3% of that income, a moderate share. If you are renting rather than buying, those rent shares are the most directly relevant numbers.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The most striking moves in Lilyfield over the past year were on the unit side: median unit values fell a sharp 19.5% while unit rents edged up 1.7%. Houses showed a different pattern — median house values rose a solid 7.5% over the year, while house rents fell a notable 5.2%. For someone weighing Lilyfield as an investment, that means the capital-growth and rental-income lines have been pulling in different directions this year, and which figure matters most depends on whether you prioritise price growth or rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.