Capital city clearance rates highest since 2017
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
A 6.4% increase in median property prices in HUGHES, 2605 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 35th.
A steady increase in median property prices over a five-year period in the suburb translates to a 4.16% capital gain.
It 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 $940,000
The augmented property values in the suburb are trailing above the territorial average of 4.32% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $600.
Home owners selling their properties and realtors in HUGHES usually have to wait an average of 50.0 days days before their assets are lifted off the market.
The ACT suburb ranks 82nd on the list of best yielding suburbs for rental properties in ACT, posting a 3.32% return.
It also places places 19th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $940,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.44% | N/A |
| Median 12 month | 6.4% | N/A |
| Median 3 years | 4.16% | N/A |
| Median 5 years | 34.29% | N/A |
| 10 years average annual | 4.62% | N/A |
| Weekly media advert. rent | $600 | N/A |
| Time on Market | 50.0 days | N/A |
| Gross Rental Yield Percent | 3.32% | N/A |
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