DEAKIN, 2600 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in ACT have risen as a whole, pulling DEAKIN, 2600 values up and netting property investors a capital gain of 11.13% for the past year.
Investors saw the median home price rise to $1,322,500.
Profits due to an upward trend in home prices in the suburb averaged 14.07% per annum over a 3-year period.
DEAKIN now ranks at the 14th 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 DEAKIN are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $710 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DEAKIN, homes and units usually stay on listing for an average of 80.7 days.
In 2016, 45 properties were sold in DEAKIN during the past year, making it the 30th most active market in ACT based on total real estate transactions.
DEAKIN ranks 8th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.
DEAKIN, 2600 has a capital gain of 4.32% for the past year, which is lower than average compared to its 28.53% growth within a five-year period.
With the median home price in DEAKIN sitting at $845,000, and the average rent at $590, property owners could potentially earn a 3.63% increase in gross rental yield.
Property investors have seen a 4.97% gain in DEAKIN based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that DEAKIN, 2600 obtained a 13.27% growth over a ten-year period. It ranks 1220th on our list of suburbs that property investors should look into.