Question 1

Is Lyneham a nice place to live?

Accepted Answer

Lyneham is an inner north Canberra suburb of calm residential streets and tree-lined avenues where single-storey post-war cottages sit alongside modern townhouses and low-rise infill. It is home to 5,703 people with a median age of 35 and a median total weekly household income of $2,084, roughly $108,400 a year. The community leans towards couples: couple families make up 83.6% of families (31.8% with children, 51.8% without), and homes are almost evenly split between owner-occupation and renting, with 50.3% owner-occupied and 49.7% rented.

Practical urban access is a feature of life in Lyneham. The suburb sits beside Northbourne Avenue with regular buses and easy road links, and the Dickson shopping and dining precinct is an easy walk away. Parks, sports fields, local schools and small cafes are close by, and planning is under way for a major redevelopment of the North Canberra Hospital campus and a refurbishment of Lyneham High School gymnasium. Proposed cycle-path extensions, bus-priority options and early-stage light-rail corridor planning also affect the area. Whether this mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Lyneham?

Accepted Answer

On the figures for Lyneham, a typical local household earned about $2,084 a week at the last Census. A house rent of $680 a week would take about 32.6% of that weekly household income, while a unit rent of $550 a week would take about 26.4%. Buying sits differently: the median house price of $1,087,500 is roughly 10.0 times a typical local annual household income at the last Census, and the median unit price of $500,000 is about 4.6 times that annual income. Which of these feels expensive will depend on whether you plan to rent or buy and on your own circumstances.

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

Question 3

Is Lyneham a good place to invest?

Accepted Answer

The most striking movement in Lyneham over the past 12 months is a strong rise in house values, which climbed 12.2%. By contrast, unit values fell 4.3% over the same period. On the income side, house rents edged down 1.4% while unit rents rose 3.8%.

The figures show that, for houses, capital growth was the dominant change this year while the rent those houses earn moved slightly lower. For units the picture was the opposite: rental income increased modestly even as unit values slipped. Whether that balance suits your aims depends on your investment objectives and personal circumstances.

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.

	Houses	Units
Median price Past 3 months	$1.09M	$500K
Change in value Past 12 months	12.2%	-4.3%
Sold Past 3 months	18	33
Median days on market Past 12 months	46	63
Average rent Past 12 months	$680	$550
Change in rent Past 12 months	-1.4%	3.8%

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