The case for Canberra’s office market
No longer just a public service bubble, Canberra has seen an increase in private sector activity in recent years, bringing with it a raft of...
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 $900,000.
The downward trend in home prices in AINSLIE, 2602 averaged -0.11% per annum over a 3-year period.
Average weekly rents on listings have reached the $647.5 mark, reflecting a 3.74% 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 20th most active market in ACT based on total real estate transactions.
AINSLIE, 2602 places 72nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $900,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -7.69% | N/A |
| Median 12 month | -22.08% | N/A |
| Median 3 years | -0.33% | N/A |
| Median 5 years | 30.67% | N/A |
| 10 years average annual | 6.19% | N/A |
| Weekly media advert. rent | $647.5 | N/A |
| Time on Market | 58.5 days | N/A |
| Gross Rental Yield Percent | 3.74% | N/A |
No longer just a public service bubble, Canberra has seen an increase in private sector activity in recent years, bringing with it a raft of...
New and improved community facilities will soon be available in a number of Melbourne and surrounds’ fastest growing suburbs. ...
Nearly three decades of negotiation has finally seen the transferal of 66 hectares of land for a new coastal community in the outer suburbs ...
A new ratings system to determine “risky players” in the building industry is set to be implemented across NSW in an effort to help pre...
There’s a false belief held by many Australians that the larger the city they choose to invest in, the better their return on that investm...
Long gone are the days where home owners would take out a loan and stick with their lender for life. ...
Get notifications in real-time for staying up to date with content that matters to you.