Property investors enjoyed capital gains of 5.95% over the last 12 months in WEETANGERA, translating to lower returns compared with its peers in ACT.
The suburb posted a 23.91% 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 $570 based on current median home prices for the suburb.
On average, rents on listings have reached the $570 mark, reflecting a 3.47% increase in returns based on the current median price in WEETANGERA.
WEETANGERA, 2614 ranks 51st in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 65th on the list of best yielding suburbs for rental properties in ACT, posting a 3.47% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.95%||N/A|
|Median 3 years||23.91%||N/A|
|Median 5 years||30.43%||N/A|
|10 years average annual||5.04%||N/A|
|Weekly media advert. rent||$570||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.47%||N/A|