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Hughes

Suburb Profile

Hughes - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2605

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A 0.26% 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 59th.

A steady increase in median property prices over a five-year period in the suburb translates to a 11.8% 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 $947,500

The augmented property values in the suburb are trailing behind the territorial average of 4.7% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $650.

Home owners selling their properties and realtors in HUGHES usually have to wait an average of 50.5 days days before their assets are lifted off the market.

The ACT suburb ranks 74th on the list of best yielding suburbs for rental properties in ACT, posting a 3.57% return.

It also places places th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $947,500 N/A
GROWTH REPORT
Median Quarterly 0% N/A
Median 12 month 0.26% N/A
Median 3 years 11.8% N/A
Median 5 years 23.86% N/A
10 years average annual 3.85% N/A
Weekly media advert. rent $650 N/A
Time on Market 50.5 days N/A
Gross Rental Yield Percent 3.57% N/A
demographics (median values)
Total Population
2896
Weekly Household Income
1521
Household Size
2.40
demographics
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