A steady increase in median property prices over a five-year period in the suburb translates to a 18.88% capital gain.
Property investors in WESTON enjoyed capital gains of 1.72% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $740,000.
Profits due to an upward trend in home prices there averaged 6.29% per annum over a 3-year period.
Home owners selling their properties and realtors in WESTON usually have to wait an average of 83.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $517.5 mark, reflecting a 3.64% increase in returns based on the current median price in WESTON.
WESTON, 2611 places 55th in Australia based on median property value growth during the quarter.
Property investors in WESTON enjoyed capital gains of 23.08% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in WESTON are high, as opposed to average gains per annum over the past five years.
WESTON posted a 26.56% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $420 mark, reflecting a 3.31% increase in returns based on the current median price in WESTON.
WESTON, 2611 ranks 7th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
WESTON ranks 67th on the list of best yielding suburbs for rental properties in ACT, posting a 3.31% return.
When an industry person not from WA...
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