The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $504,900.
Investors saw the median home price rise to $504,900.
The upward trend in home prices in BARTON, 2600 averaged 2.48% per annum over a 3-year period.
BARTON now ranks at the 50th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BARTON are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $495 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BARTON, homes and units usually stay on listing for an average of 93.8 days.
174 properties were sold in BARTON in 2016, making it the 47th most active market in ACT based on total real estate transactions.
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