Isaacs

POSTAL CODE: ACT, 2607
HOUSE
ISAACS ranks 77th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -2.37% for the past year is lower than average compared to its 11.81% growth within a five-year period.

Also in ISAACS, the median home price is sitting at $1,174,000, and the average rent at $802.5, this suggests property owners could potentially earn a 3.55% increase in gross rental yield.

Property investors have seen a -20.41% drop in ISAACS based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5% growth over a ten-year period. It ranks 2999th on our list of suburbs that property investors should look into.

Surburb overview

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.

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