Housing market reached turning point mid-2019
New research has supported the idea that Australia’s housing market “reached a turning point” midway through 2019. ...
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Property investors enjoyed capital gains of 17.24% 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 6.18% 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 $595 based on current median home prices for the suburb.
On average, rents on listings have reached the $595 mark, reflecting a 3.64% increase in returns based on the current median price in HAWKER.
HAWKER, 2614 ranks 4th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 72nd on the list of best yielding suburbs for rental properties in ACT, posting a 3.64% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $850,000 | $434,000 |
| GROWTH REPORT | ||
| Median Quarterly | -14.36% | 23.12% |
| Median 12 month | 17.24% | 77.94% |
| Median 3 years | 6.18% | 24.44% |
| Median 5 years | 5.98% | 27.74% |
| 10 years average annual | 2.52% | 4.31% |
| Weekly media advert. rent | $595 | $380 |
| Time on Market | 28.1 days | 72.4 days |
| Gross Rental Yield Percent | 3.64% | 4.55% |
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