Property investments in DOWNER did not fare well against the rest of the country last year, registering a median home price decrease of 9.55%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains DOWNER, 2602 saw average growth in the long term.
Real estate investors could earn a rental income of $560 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 49.3 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $860,000.
DOWNER ranks 71st on the list of best yielding suburbs for rental properties in ACT, posting a 3.39% return.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an downward trend in home prices in DOWNER, 2602 averaged -5.3% per annum over a 3-year period.
Average weekly rents on listings have reached the $355 mark, reflecting a 4.62% increase in returns based on the current median price in DOWNER.
An average of 1.33 real estate transactions take place per month in DOWNER which translates to 16 per annum.
16 properties were sold in DOWNER during the past year, making it the 51st most active market in ACT based on total real estate transactions.
DOWNER, 2602 places 18th in Australia based on median property value growth during the quarter.
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