Borrowers feel the pinch of 'really strict' lending rules
Former Queensland state premier, Anna Bligh, has hit out at the strict serviceability rules lenders have imposed on borrowers, arguing they ...
AINSLIE, 2602 ranks 196th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 22.82% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $1,126,250.
The upward trend in home prices in AINSLIE, 2602 averaged 12.12% per annum over a 3-year period.
Average weekly rents on listings have reached the $620 mark, reflecting a 2.86% increase in returns based on the current median price in AINSLIE.
An average of 5.58 real estate transactions take place per month in AINSLIE which translates to 67 per annum.
67 properties were sold in AINSLIE in 2016, making it the 15th most active market in ACT based on total real estate transactions.
AINSLIE, 2602 places 76th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,126,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.49% | N/A |
| Median 12 month | 22.82% | N/A |
| Median 3 years | 36.35% | N/A |
| Median 5 years | 65.02% | N/A |
| 10 years average annual | 7.52% | N/A |
| Weekly media advert. rent | $620 | N/A |
| Time on Market | 41.0 days | N/A |
| Gross Rental Yield Percent | 2.86% | N/A |
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