FLOREY ranks 28th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 12.93% for the past year is higher than average compared to its 33.98% growth within a five-year period.
Also in FLOREY, the median home price is sitting at $690,000, and the average rent at $480, this suggests property owners could potentially earn a 3.62% increase in gross rental yield.
They believe that homeowners and real estate investors betting on FLOREY, 2615 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 12.93%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.01% growth over a ten-year period. It ranks 1529th on our list of suburbs that property investors should look into.
A 3.81% increase in median property prices in FLOREY, 2615 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 29th.
A steady increase in median property prices over a five-year period in FLOREY, 2615 translates to a 6.13% capital gain.
FLOREY, 2615 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 $436,000.
Augmented property values in FLOREY are trailing above the ACT average of 0.68% for the past year.
Real estate investors could earn a rental income of $422.5 based on current median home prices for the suburb.
Home owners selling their properties and realtors in FLOREY usually have to wait an average of 57.7 days days before their assets are lifted off the market.
FLOREY ranks 41st on the list of best yielding suburbs for rental properties in ACT, posting a 5.04% return.
FLOREY, 2615 places 45th in Australia based on median property value growth during the quarter.