Property investors have seen a -1.64% drop in NARRABUNDAH based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NARRABUNDAH, 2604 saw average growth in the long term.
The ACT 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
Profits averaged 9.39% per annum over a 3-year period, due to an upward trend in home prices in NARRABUNDAH, 2604.
This means, real estate investors could earn a rental income of $570 based on current median home prices for the suburb.
The gross rental yield in NARRABUNDAH, 2604 is 3.29%.
An average of 5.25 real estate transactions take place per month in NARRABUNDAH which translates to 63 per annum.
Property investments in NARRABUNDAH fare well against the rest of the country last year, registering a median home price increase of 10.42%.
Figures from the previous quarter show that capital gains for real estate buyers in NARRABUNDAH are high, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $460 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 NARRABUNDAH, homes and units usually stay on listing for an average of 82.7 days.
the ACT 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 $541,250
Investors saw the median home price rise to $541,250.
NARRABUNDAH ranks 54th on the list of best yielding suburbs for rental properties in ACT, posting a 4.42% return.
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