Homeowners and real estate investors betting on SCULLIN, 2614 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 14%.
A steady increase in median property prices over a five-year period in the suburb translates to a 22.55% capital gain.
Property investors in SCULLIN enjoyed capital gains of 14% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also 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 $570,000.
Profits due to an upward trend in home prices there averaged 7.52% per annum over a 3-year period.
Home owners selling their properties and realtors in SCULLIN usually have to wait an average of 33.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $465 mark, reflecting a 4.24% increase in returns based on the current median price in SCULLIN.
SCULLIN, 2614 places 40th in Australia based on median property value growth during the quarter.
Figures from the previous quarter show that capital gains for real estate buyers in SCULLIN are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $380 mark, reflecting a 5.01% increase in returns based on the current median price in SCULLIN.
SCULLIN, 2614 ranks 55th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
SCULLIN ranks 38th on the list of best yielding suburbs for rental properties in ACT, posting a 5.01% return.
Based on what is coming out of the Royal...
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