Property investors have seen a 6.35% 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 $888,000
Profits averaged 11.11% 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 $622.5 based on current median home prices for the suburb.
The gross rental yield in ARANDA, 2614 is 3.65%.
An average of 2.33 real estate transactions take place per month in ARANDA which translates to 28 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.29%||N/A|
|Median 3 years||33.33%||N/A|
|Median 5 years||31.56%||N/A|
|10 years average annual||5.02%||N/A|
|Weekly media advert. rent||$622.5||N/A|
|Time on Market||76.4 days||N/A|
|Gross Rental Yield Percent||3.65%||N/A|