Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
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 $610,000.
Average median unit prices in ACT have risen as a whole, pulling BARTON, 2600 values up and netting property investors a capital gain of 25.77% for the past year.
Investors saw the median home price rise to $610,000.
The upward trend in home prices in BARTON, 2600 averaged 7.33% per annum over a 3-year period.
BARTON now ranks at the 12th 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 $560 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 62.3 days.
40 properties were sold in BARTON in 2016, making it the 12th most active market in ACT based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $610,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 5.17% |
| Median 12 month | N/A | 25.77% |
| Median 3 years | N/A | 22% |
| Median 5 years | N/A | 35.28% |
| 10 years average annual | N/A | 3.49% |
| Weekly media advert. rent | N/A | $560 |
| Time on Market | N/A | 62.3 days |
| Gross Rental Yield Percent | N/A | 4.77% |
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