Property investments in HACKETT fare well against the rest of the country last year, registering a median home price increase of 1.68%.
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 HACKETT, 2602 saw average growth in the long term.
Real estate investors could earn a rental income of $640 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 0.0 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 $830,000.
HACKETT ranks 38th on the list of best yielding suburbs for rental properties in ACT, posting a 4.01% 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 upward trend in home prices in HACKETT, 2602 averaged 14.97% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 4.03% increase in returns based on the current median price in HACKETT.
An average of 0.83 real estate transactions take place per month in HACKETT which translates to 10 per annum.
10 properties were sold in HACKETT during the past year, making it the 76th most active market in ACT based on total real estate transactions.
HACKETT, 2602 places 2nd in Australia based on median property value growth during the quarter.
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