A -2.47% increase in median property prices in CITY, 2601 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 52nd.
A steady increase in median property prices over a five-year period in CITY, 2601 translates to a 38.58% capital gain.
CITY, 2601 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 $592,450.
Augmented property values in CITY are trailing behind the ACT average of 2.28% for the past year.
Real estate investors could earn a rental income of $560 based on current median home prices for the suburb.
Home owners selling their properties and realtors in CITY usually have to wait an average of 121.6 days days before their assets are lifted off the market.
CITY ranks 37th on the list of best yielding suburbs for rental properties in ACT, posting a 4.92% return.
CITY, 2601 places 54th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-2.47%|
|Median 3 years||N/A||38.58%|
|Median 5 years||N/A||15.94%|
|10 years average annual||N/A||4.4%|
|Weekly media advert. rent||N/A||$560|
|Time on Market||N/A||121.6 days|
|Gross Rental Yield Percent||N/A||4.92%|