Property investors enjoyed capital gains of 9.18% over the last 12 months in FARRER, translating to lower returns compared with its peers in ACT.
A survey of average capital gains or median home price increase in suburbs across the country shows that the ACT suburb obtained a 4.76% growth over a ten-year period. It ranks 1674th on our list of suburbs that property investors should look into.
FARRER, 2607 has a capital gain of 9.18% for the past year, which is higher than average compared to its 17.15% growth within a five-year period.
With the median home price in FARRER sitting at $802,500, and the average rent at $575, property owners could potentially earn a 3.73% increase in gross rental yield.
A 9.18% increase in median property prices in FARRER, 2607 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 42nd.
Figures from the previous quarter show that capital gains for real estate buyers in FARRER are low, as opposed to average gains per annum over the past five years.
FARRER, 2607 in ACT belongs to the local government area of Unincorporated ACT.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.18%||N/A|
|Median 3 years||6.82%||31.82%|
|Median 5 years||17.15%||28.94%|
|10 years average annual||4.76%||N/A|
|Weekly media advert. rent||$575||N/A|
|Time on Market||75.3 days||0.0 days|
|Gross Rental Yield Percent||3.73%||N/A|