PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
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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 $989,575.
The upward trend in home prices in AINSLIE, 2602 averaged 1.53% per annum over a 3-year period.
Average weekly rents on listings have reached the $680 mark, reflecting a 3.57% increase in returns based on the current median price in AINSLIE.
An average of 4.83 real estate transactions take place per month in AINSLIE which translates to 58 per annum.
58 properties were sold in AINSLIE in 2016, making it the 24th most active market in ACT based on total real estate transactions.
AINSLIE, 2602 places 2nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $989,575 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.27% | N/A |
| Median 12 month | -7.08% | N/A |
| Median 3 years | 4.58% | N/A |
| Median 5 years | 41.67% | N/A |
| 10 years average annual | 6.05% | N/A |
| Weekly media advert. rent | $680 | N/A |
| Time on Market | 52.2 days | N/A |
| Gross Rental Yield Percent | 3.57% | N/A |
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