PAGE ranks 25th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 6.5% for the past year is lower than average compared to its 36.66% growth within a five-year period.
Also in PAGE, the median home price is sitting at $623,000, and the average rent at $450, this suggests property owners could potentially earn a 3.76% increase in gross rental yield.
Property investors have seen a 0.48% gain in PAGE based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.25% growth over a ten-year period. It ranks 1461st on our list of suburbs that property investors should look into.
A 1.56% increase in median property prices in PAGE, 2614 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 36th.
A steady increase in median property prices over a five-year period in PAGE, 2614 translates to a -4.41% capital gain.
PAGE, 2614 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $423,000.
Augmented property values in PAGE are trailing above the ACT average of 0.68% for the past year.
Real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
Home owners selling their properties and realtors in PAGE usually have to wait an average of 34.0 days days before their assets are lifted off the market.
PAGE ranks 46th on the list of best yielding suburbs for rental properties in ACT, posting a 4.92% return.
PAGE, 2614 places 36th in Australia based on median property value growth during the quarter.