The following chart shows the growth of psf (y-axis), over time (x-axis).
With the exception of a few outliers, it is immediately obvious that the price was on an upward trajectory from launch and it has maintained its upward movement till after the 10-year mark, following which it begins to experience a slight correction.
Taking a closer look at the actual transaction data, the average psf of Lilydale in 2001 when it was released as a new sale, was $353.
Across 2018 and 2019, the average psf was $652.
This translates to a 84% increase from 2001 to 2019.
Whilst past results are not a guarantee of future performance, this analysis nonetheless illustrates the price growth potential that is possible for an Executive Condominium.
If you are keen to tap on this opportunity and know more about Parc Canberra, leave us a message and we’ll be in touch.