Property Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
The suburb’s capital gain of 23.53% for the past year is higher than average compared to its 35.92% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in ISAACS, the median home price is sitting at $1,050,000, and the average rent at $685, this suggests property owners could potentially earn a 3.39% increase in gross rental yield.
Property investors have seen a 0% gain in ISAACS based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on ISAACS, 2607 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 23.53%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.88% growth over a ten-year period. It ranks 3002nd on our list of suburbs that property investors should look into.
Isaacs is a suburb in the Woden Valley district of Canberra, ACT. Its abutting suburbs include O'Malley, Farrer, and Mawson. The suburb’s namesake was Sir Isaac Alfred Isaacs, the first governor-general of Australia. Streets in Isaacs were meanwhile named in honour of education advocates in Australia. Parts of the Canberra Nature Park, the Isaacs Ridge and the Long Gully Pine Plantation, are also located in Isaacs.
Things to do in Isaacs
Isaacs has one of the best areas for bushwalking in Canberra: the Isaac Ridge Nature Park Reserve. The park’s downhill trails are also popular among mountain bike riders, which made it the subject of a recent government-initiated upgrade. The trails were improved with informal rest areas for bikers and joggers being added. The effort was in line with the ACT Parks and Conservation Service’s initiative to boost Canberra’s reputation as an extreme sports destination. Another nearby nature spot, the Isaac Pines, is well beloved by the community for its dog-friendly trails.
Real estate overview
Over 90 per cent of the private dwellings in Isaacs are occupied, while the rest are unoccupied. Eighty per cent of the dwelling structures are detached homes, while the rest are semi-detached, row or town houses. Majority of the houses in the suburb feature three bedrooms.
The average house price in Isaacs is $942,500, while units sell for a median price of $705,000. Home sellers could command higher prices however, for larger homes especially those built near cul-de-sacs.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||23.53%||N/A|
|Median 3 years||31.25%||N/A|
|Median 5 years||35.92%||20.75%|
|10 years average annual||2.88%||6.42%|
|Weekly media advert. rent||$685||$590|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||3.39%||4.79%|