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Property investors enjoyed capital gains of 15.51% over the last 12 months in DUNLOP, translating to lower returns compared with its peers in ACT.
Figures from the previous quarter show that capital gains for real estate buyers in DUNLOP are low, as opposed to average gains per annum over the past five years.
The suburb posted a 20.73% 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 $575 based on current median home prices for the suburb.
On average, rents on listings have reached the $575 mark, reflecting a 4.27% increase in returns based on the current median price in DUNLOP.
DUNLOP, 2615 ranks 54th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 19th on the list of best yielding suburbs for rental properties in ACT, posting a 4.27% return.
Dunlop is a suburb of the district of Belconnen in Canberra, ACT. It lies on the fringes of the ACT and is next to the boundary of the state and NSW. Dunlop is nestled at the base of the Dunlop Grasslands Nature Reserve and is abutted by the suburbs of Charnwood and Fraser.
The suburb’s namesake was Sir Edward Dunlop, a beloved army surgeon who served during World War II. The suburb’s street names were inspired by innovators in various niches, as well as artists.
Dunlop is a sleepy suburb surrounded by hills, savannahs and an astounding view of the Brindabella Range. The suburb has a semi-rugged landscape oftentimes punctuated by meadows and ponds. Dunlop’s soil and climate are conducive to cultivating edible vegetables, with a number of its residents taking advantage of this feature.
Its streetscapes are leafy, with houses built close to one another and are separated by narrow streets made for walking. The number of homes in estates averages between 50 and 100.
Key facilities are lacking in Dunlop; however, its distance from other suburbs make up for it. Dunlop doesn’t have its own academic institutions, although neighbouring Charnwood has a number of schools to cater to residents’ needs. Dunlop also doesn’t have its own church, although the two churches in Charnwood are just a quick drive away. Dunlop has numerous playgrounds, as well as abundant parklands, with walking and cycling tracks for kids and adults.
Real estate environment
Realtors recognise Dunlop as a stable suburb for real estate investing among Belconnen suburbs, because of its slow and steady growth pace. Recent property data reveals that sales per quarter in the suburb consistently number between 35 and 40 during the past three years, lacking any highs and lows. This kind of balance is why realtors believe Dunlop is a safe haven for property investors and buyers. The median home price in Dunlop is $530,000, while units cost $396,250.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.51%||N/A|
|Median 3 years||20.73%||N/A|
|Median 5 years||40.05%||31.4%|
|10 years average annual||4.08%||-0.81%|
|Weekly media advert. rent||$575||N/A|
|Time on Market||37.5 days||0.0 days|
|Gross Rental Yield Percent||4.27%||N/A|