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Property investors enjoyed capital gains of 40.13% over the last 12 months in STIRLING, 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 8.15% growth over a ten-year period. It ranks 807th on our list of suburbs that property investors should look into.
With the median home price in STIRLING sitting at $1,065,000, and the average rent at $680, property owners could potentially earn a 3.32% increase in gross rental yield.
A 40.13% increase in median property prices in STIRLING, 2611 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 10th.
STIRLING, 2611 in ACT belongs to the local government area of Unincorporated ACT.
Stirling is a suburb in the district of Weston Creek in Canberra, ACT. It was named in honour of Sir James Stirling, a Royal Navy officer who eventually became the first governor of Australia.
Stirling is bounded by Streeton Drive, Namatjira Drive, and Hindmarsh Drive and abutted by the suburbs of Fisher, Chapman, Rivett, and Weston. It was gazetted in July 1970, along with neighbouring suburbs Rivett, Duffy, and Weston.
Stirling is home to the Canberra College’s Weston Campus and a preschool. The suburb has easy access to retail shops and restaurants in Weston and Chifley, which are both a short drive away. The suburb is also an hour away from Civic through public transport and no more than 15 minutes via private car.
Stirling has a middle-aged population with an average age between 40 and 59. Over 50 per cent of residents are composed of families, while the rest are singles. Majority of its population work in the public sector, followed secondly by education. Professional or trade workers account for a small portion of the population.
With regard to property types, the two most popular are separate houses, which account for a lion's share of the dwelling spaces, and row or townhouses. Flats and apartment units come in last, with less than 1 per cent of the population living in one.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||40.13%||N/A|
|Median 3 years||33.13%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||8.15%||N/A|
|Weekly media advert. rent||$680||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.32%||N/A|