Property investors have seen a 1.21% gain in ARANDA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ARANDA, 2614 saw average growth in the long term.
the ACT 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 $835,000
Profits averaged 7% per annum over a 3-year period, due to an upward trend in home prices in ARANDA, 2614.
This means, real estate investors could earn a rental income of $595 based on current median home prices for the suburb.
The gross rental yield in ARANDA, 2614 is 3.71%.
An average of 3.25 real estate transactions take place per month in ARANDA which translates to 39 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.6%||N/A|
|Median 3 years||21.01%||N/A|
|Median 5 years||19.29%||N/A|
|10 years average annual||5.44%||N/A|
|Weekly media advert. rent||$595||N/A|
|Time on Market||61.7 days||N/A|
|Gross Rental Yield Percent||3.71%||N/A|