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 $1,400,000.
The upward trend in home prices in AINSLIE, 2602 averaged 0% per annum over a 3-year period.
Average weekly rents on listings have reached the $810 mark, reflecting a 3.01% increase in returns based on the current median price in AINSLIE.
An average of 5 real estate transactions take place per month in AINSLIE which translates to 60 per annum.
60 properties were sold in AINSLIE in 2016, making it the 22nd most active market in ACT based on total real estate transactions.
AINSLIE, 2602 places 80th in Australia based on median property value growth during the quarter.
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 $1,068,000.
Investors saw the median home price rise to $1,068,000.
The upward trend in home prices in AINSLIE, 2602 averaged 0% per annum over a 3-year period.
AINSLIE now ranks at the th 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 AINSLIE are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In AINSLIE, homes and units usually stay on listing for an average of N/A.
11 properties were sold in AINSLIE in 2016, making it the 65th most active market in ACT based on total real estate transactions.