Question 1

Is Lyons a nice place to live?

Accepted Answer

Lyons is a residential suburb of Palmerston characterised by modest single-storey detached homes on grid-like streets and a practical, family-oriented atmosphere. Small local parks, playgrounds and sporting ovals provide everyday recreation, while local convenience shops and community facilities support daily needs and Palmerston’s shopping and service centre is close by. Bus links and the main highway give straightforward commuting into Darwin and surrounding areas.

About 2,219 people live in Lyons; the median age is 30 and the median household income is $2,931 a week (roughly $152,400 a year). Couples with children are the largest family type at 63.0%, and most dwellings are rented (62.9%) rather than owner-occupied. That mix suits young families and local workers after a low-maintenance suburban lifestyle near urban amenities. Nearby Casuarina Square is undergoing a major redevelopment, adding to the retail options close at hand.

Question 2

Is it expensive to live in Lyons?

Accepted Answer

A median-priced house in Lyons at $880,000 works out to about 5.8 times a typical local annual household income as recorded at the last Census, which puts buying somewhat above local incomes. Renting a house at around $900 a week would take about 30.7% of a typical local household's weekly income at the last Census, a sizeable share. On these figures both buying and renting take a noticeable portion of what a typical local household earned at the last Census, and which feels affordable will depend 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 Lyons a good place to invest?

Accepted Answer

Over the past 12 months houses in Lyons rose in value by 12.5%, a strong increase, while house rents climbed 5.9%, a solid rise. If you are weighing Lyons as an investment, the value change is the capital growth figure and the rent change is the rental income figure; in Lyons over the year capital growth has outpaced rental growth. Whether that balance fits your goals and circumstances is for you to decide.

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	$880K	N/A
Change in value Past 12 months	12.5%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	59	N/A
Average rent Past 12 months	$900	N/A
Change in rent Past 12 months	5.9%	N/A

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