Home owners push ahead with renovation work
Despite the coronavirus pandemic, home owners are pushing ahead with their renovation projects, according to new research. ...
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 $580,000.
Average median unit prices in ACT have risen as a whole, pulling BARTON, 2600 values up and netting property investors a capital gain of 18.49% for the past year.
Investors saw the median home price rise to $580,000.
The downward trend in home prices in BARTON, 2600 averaged -0.84% per annum over a 3-year period.
BARTON now ranks at the 1st 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 high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $550 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 87.3 days.
35 properties were sold in BARTON in 2016, making it the 20th most active market in ACT based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $580,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 21.34% |
| Median 12 month | N/A | 18.49% |
| Median 3 years | N/A | -2.52% |
| Median 5 years | N/A | -1.19% |
| 10 years average annual | N/A | 1.85% |
| Weekly media advert. rent | N/A | $550 |
| Time on Market | N/A | 87.3 days |
| Gross Rental Yield Percent | N/A | 4.93% |
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