A 1.11% 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 63rd.
A steady increase in median property prices over a five-year period in the suburb translates to a 15.96% 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 $910,000
The augmented property values in the suburb are trailing behind the territorial average of 5.54% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $570.
Home owners selling their properties and realtors in HUGHES usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The ACT suburb ranks 73rd on the list of best yielding suburbs for rental properties in ACT, posting a 3.26% return.
It also places places th in Australia based on median property value growth during the quarter.
A survey of average capital gains or median home price increase in suburbs across the country shows that HUGHES, 2605 obtained a 10.76% growth over a ten-year period. It ranks 1253rd on our list of suburbs that property investors should look into.
With the median home price in HUGHES sitting at $217,000, and the average rent at $310, property owners could potentially earn a 7.43% increase in gross rental yield.
A -5.65% 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 51st.
HUGHES, 2605 in ACT belongs to the local government area of Unincorporated ACT.