Australia Heads Towards An Apartment Drought
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Property investors enjoyed capital gains of 6.53% over the last 12 months in HAWKER, translating to lower returns compared with its peers in ACT.
Figures from the previous quarter show that capital gains for real estate buyers in HAWKER are low, as opposed to average gains per annum over the past five years.
The suburb posted a 19.81% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
On average, rents on listings have reached the $650 mark, reflecting a 3.61% increase in returns based on the current median price in HAWKER.
HAWKER, 2614 ranks 62nd in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 62nd on the list of best yielding suburbs for rental properties in ACT, posting a 3.61% return.
Hawker is a suburb belonging to the Belconnen District of Canberra, Australian Capital Territory. Its namesake was Charles Allan Seymour Hawker, an Australian politician, World War I veteran and agricultural farmer. The suburb’s streets were named after Northern Territory pastoral stations.
Hawker is bordered by William Hovell Drive, Belconnen Way, Springville Drive, and the northern part of the Pinnacle Nature Reserve. It is accessible from other surrounding suburbs through arterial roads, such as the Belconnen Way, which bisects the entire district.
Hawker has a slightly older population composed of mature couples with a median age of 41. The residents’ countries of birth are Australia, England, India, China, Pakistan and Malaysia.
Occupancy rate and housing stock
Hawker is a high-demand market with occupancy rates at an all-time high. The average tour per property in Hawker is 213, which is 68 points lower than the average for the entire ACT. There are also just a few properties on the market; supply is also low for rental properties.
Residential real estate assets on offer are a mix of generous parcels of lands as well as apartment units and bungalows. Houses for sale make their appearance on listings from time to time as most of the housing stock consists of apartment units.
Amenities in Hawker
The suburb has the Hawker Shopping Centre, which houses a cluster of shops that cater to residents’ basic necessities and lifestyle needs. The centre includes a post office, a clothing and curtain alteration shop, a salon, a bookstore, several Australian and ethnic restaurants, a bakery, a medical clinic and an automotive service centre.
Other points of interest in the area are two hotels, an Anglican church and three schools. The suburb is a popular sporting destination, making it a frequent host for sports contests. Hawker is home to a number of sporting venues including the Hawker Playing Fields, the Hawker Enclosed Oval and the Hawker International Softball Centre.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.53%||-14.8%|
|Median 3 years||19.81%||27.8%|
|Median 5 years||21.44%||20.57%|
|10 years average annual||2.86%||3.52%|
|Weekly media advert. rent||$650||$400|
|Time on Market||0.0 days||98.9 days|
|Gross Rental Yield Percent||3.61%||6.51%|