The case for Canberra’s office market
No longer just a public service bubble, Canberra has seen an increase in private sector activity in recent years, bringing with it a raft of...
Property investors enjoyed capital gains of 38.81% 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 30.42% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $597.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $597.5 mark, reflecting a 3.13% increase in returns based on the current median price in HAWKER.
HAWKER, 2614 ranks 1st in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 83rd on the list of best yielding suburbs for rental properties in ACT, posting a 3.13% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $992,500 | $410,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.47% | N/A |
| Median 12 month | 38.81% | N/A |
| Median 3 years | 30.42% | N/A |
| Median 5 years | 27.16% | N/A |
| 10 years average annual | 5.71% | N/A |
| Weekly media advert. rent | $597.5 | $380 |
| Time on Market | 30.3 days | 73.9 days |
| Gross Rental Yield Percent | 3.13% | 4.82% |
No longer just a public service bubble, Canberra has seen an increase in private sector activity in recent years, bringing with it a raft of...
New and improved community facilities will soon be available in a number of Melbourne and surrounds’ fastest growing suburbs. ...
Nearly three decades of negotiation has finally seen the transferal of 66 hectares of land for a new coastal community in the outer suburbs ...
A new ratings system to determine “risky players” in the building industry is set to be implemented across NSW in an effort to help pre...
There’s a false belief held by many Australians that the larger the city they choose to invest in, the better their return on that investm...
Long gone are the days where home owners would take out a loan and stick with their lender for life. ...
Get notifications in real-time for staying up to date with content that matters to you.