Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
The suburb’s capital gain of 39.6% for the past year is higher than average compared to its 61.72% 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 MAWSON, the median home price is sitting at $1,225,000, and the average rent at $600, this suggests property owners could potentially earn a 2.55% increase in gross rental yield.
Property investors have seen a 10.61% gain in MAWSON based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on MAWSON, 2607 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 39.6%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.98% growth over a ten-year period. It ranks 902nd on our list of suburbs that property investors should look into.
Mawson is a suburb in the Woden Valley district of Canberra, ACT. The suburb is bounded by Yamba Drive to its west, Beasley Street to its south, and Athllon Drive to its east.
Mawson’s population has a median age of 38, 50 per cent of whom are married. The suburb has a diverse community composed of Australian-born residents and immigrants hailing from England, India, China, Philippines and New Zealand.
Things to do in Mawson
Mawson has a wealth of facilities catering to its residents, including a shopping complex, the Southlands Centre, which is home to Canberra’s best culinary destinations, a bar, and several sporting facilities. The Woden Valley Driving Range and the Mawson District Playing Fields are also within close proximity to the shopping centre.
Houses for sale
Majority of the dwelling structures in Mawson are detached homes, while semi-detached homes, row or town houses are second in popularity. Apartments are also common dwelling spaces in the suburb. The housing supply is abundant and the market can respond to the rising demand for properties in Mawson. Construction for a new public housing complex consisting of 13 two-bedroom town houses is underway in Mawson. Commercial real estate units come up on listings periodically, though supply is seeing some improvements.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||39.6%||36.36%|
|Median 3 years||61.18%||44.75%|
|Median 5 years||61.72%||34.23%|
|10 years average annual||7.98%||4.28%|
|Weekly media advert. rent||$600||$490|
|Time on Market||26.3 days||41.4 days|
|Gross Rental Yield Percent||2.55%||4.25%|