Braddon

POSTAL CODE: ACT, 2612
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A survey of average capital gains or median home price increase in suburbs across the country shows that the ACT suburb obtained a -3.1% decrease over a ten-year period. It ranks 4683rd on our list of suburbs that property investors should look into.

BRADDON, 2612 has a capital gain of -22.24% for the past year, which is lower than average compared to its 9.37% growth within a five-year period.

With the median home price in BRADDON sitting at $570,000, and the average rent at $590, property owners could potentially earn a 5.38% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BRADDON are low, as opposed to average gains per annum over the past five years.

BRADDON, 2612 in ACT belongs to the local government area of Unincorporated ACT.

Surburb overview

Braddon is a Canberran suburb located next to Civic. Gazetted in 1928, the suburb was initially established as a division and was the location of Canberra’s first light industrial district. It was named after Sir Edward Nicholas Coventry Braddon, an Australian politician who was one of the authors of the Australian constitution.

Today, Braddon boasts a vibrant community that has evolved from a sleepy, semi-urban precinct where industrial companies and offices are headquartered to a coveted lifestyle district that knows no rest. Those in the know are aware that Braddon is top of mind when it comes to its gastronomic surprises and that Braddon residents themselves are spoilt for choice. From ethnic dishes to home-cooked fare, Braddon, Canberra restaurants surely have something for everyone.

Real estate milieu

Braddon’s average house price has skyrocketed in recent years, because of its proximity to Canberra’s central business district. Listings revealed that Braddon homes now sell for over a million, but buyers who are incapable of paying for this amount can opt for units, which they could buy for a fraction of a cost.

Compared with other suburbs near CBDs, Braddon certainly offers the most value for home buyers. New developments are set to rise in the suburb, including new housing estates and mixed-use residential properties. Property investors are encouraged to take advantage of current prices before they shoot up again.

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