AREA REPORTS

City

Suburb Profile

City - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2601

unit

A -17.49% 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 63rd.

A steady increase in median property prices over a five-year period in CITY, 2601 translates to a -11.2% 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 $502,500.

Augmented property values in CITY are trailing behind the ACT average of 2.33% for the past year.

Real estate investors could earn a rental income of $550 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 87.2 days days before their assets are lifted off the market.

CITY ranks 10th on the list of best yielding suburbs for rental properties in ACT, posting a 5.69% return.

CITY, 2601 places 14th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $502,500
GROWTH REPORT
Median Quarterly N/A 3.97%
Median 12 month N/A -17.49%
Median 3 years N/A -11.2%
Median 5 years N/A 6.91%
10 years average annual N/A 2.4%
Weekly media advert. rent N/A $550
Time on Market N/A 87.2 days
Gross Rental Yield Percent N/A 5.69%
demographics (median values)
Total Population
720
Weekly Household Income
1135
Household Size
1.60
demographics
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