Property investors enjoyed capital gains of 12.5% over the last 12 months in LYNEHAM, translating to lower returns compared with its peers in ACT.
Figures from the previous quarter show that capital gains for real estate buyers in LYNEHAM are high, as opposed to average gains per annum over the past five years.
The suburb posted a 34.93% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $570 based on current median home prices for the suburb.
On average, rents on listings have reached the $570 mark, reflecting a 3.29% increase in returns based on the current median price in LYNEHAM.
LYNEHAM, 2602 ranks 13th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 73rd on the list of best yielding suburbs for rental properties in ACT, posting a 3.29% return.
Property investors have seen a -1.23% drop in LYNEHAM based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains LYNEHAM, 2602 saw average decrease in the long term.
LYNEHAM, 2602 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $400,000.
Profits due to an upward trend in home prices in LYNEHAM, 2602 averaged 0.95% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in LYNEHAM, 2602 is 5.46%.
An average of 6.92 real estate transactions take place per month in LYNEHAM which translates to 83 per annum.
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