Curtin

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CURTIN ranks 60th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 9.19% for the past year is higher than average compared to its 32.81% growth within a five-year period.

Also in CURTIN, the median home price is sitting at $1,010,000, and the average rent at $620, this suggests property owners could potentially earn a 3.19% increase in gross rental yield.

Property investors have seen a 2.28% gain in CURTIN based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.16% growth over a ten-year period. It ranks 2001st on our list of suburbs that property investors should look into.

A -1.89% increase in median property prices in CURTIN, 2605 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 52nd.

CURTIN, 2605 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 $260,000.

Augmented property values in CURTIN are trailing behind the ACT average of 5.34% for the past year.

Real estate investors could earn a rental income of $360 based on current median home prices for the suburb.

Home owners selling their properties and realtors in CURTIN usually have to wait an average of 82.6 days days before their assets are lifted off the market.

CURTIN ranks 3rd on the list of best yielding suburbs for rental properties in ACT, posting a 7.2% return.

CURTIN, 2605 places 57th in Australia based on median property value growth during the quarter.

Surburb overview

The Canberra suburb of Curtin is situated in the eastern side of its city centre next to the suburbs of Hughes, Lyons, Deakin and Yarralumla. Curtin was named in honour of John Curtin, the Australian prime minister from 1941 to 1945.

Curtin's landscape is marked by irregular slopes and flatlands with dense foliage. Its soil appears arid and ruddy due to its volcanic content. Horse paddocks and playing fields are also located on its western side.

Tight-knit community

A relatively young suburb, Curtin was developed in 1950s and only spent its golden anniversary a few years ago. The suburb was based on the Radburn design, which was characterised by a consecutive row of houses sharing a common yard out front, and with the back of the homes facing the street. Most of the Canberran suburbs developed during this era are planned after this design movement.

Curtin has a strong sense of community, where locally-owned shops thrive and are patronised. Residents are notoriously proud of the heritage of their humble neighbourhood, and are quite steadfast in fighting for the preservation of their landmarks and decades-old shops. A consortium of residents, for instance, won against a major developer which submitted a proposal to erect a high-rise mixed-use development near the town square that could eclipse homegrown shops. Sentiments against the redevelopment prevailed.