Question 1

Is Lysterfield a nice place to live?

Accepted Answer

Lysterfield is an outer south-eastern Melbourne suburb centred on Lysterfield Lake Park, a reservoir and recreation reserve known for its walking tracks, picnic areas and mountain bike trails. It feels semi-rural, with a mix of rural-residential acreage and pockets of newer family housing clustered near a small village strip. Local amenities are modest and day-to-day shopping and services are commonly found in neighbouring centres, while transport is largely car oriented. That combination of space, native bushland and ready access to outdoor recreation suits families and people who value an active outdoor lifestyle.

The community of 6,681 has a median age of 41 and a median household income of $2,754 a week. Lysterfield is strongly family-oriented, with couple families with children making up 60.1% of families and home ownership at 92.5% of households. There is ongoing work on trails and reserve improvements to better link the lake with nearby paths, and a proposed new school near the park has been the subject of local debate after earlier refusals by planning authorities.

Question 2

Is it expensive to live in Lysterfield?

Accepted Answer

Households in Lysterfield had a median total household income of $2,754 a week at the last Census. With house rents averaging $745 a week, renting would take about 27% of a typical local household's weekly income at the last Census, which is a moderate share. Buying is more stretched: the median house price of $1,187,500 works out to about 8.3 times a typical local annual household income at the last Census, which sits in the higher multiple range against local incomes. On these figures, buying looks more stretched against local incomes than renting does.

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 Lysterfield a good place to invest?

Accepted Answer

The clearest moves in Lysterfield over the past year are on the house side: median house values fell 6.8% while the rent those houses earned jumped 14.6%.

For someone weighing Lysterfield as an investment, the price change points to capital movement over the year and the rent change points to rental income; which of those matters most depends on your investment goals 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	$1.19M	N/A
Change in value Past 12 months	-6.8%	N/A
Sold Past 3 months	18	N/A
Median days on market Past 12 months	39	N/A
Average rent Past 12 months	$745	N/A
Change in rent Past 12 months	14.6%	N/A

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