Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
Property investors enjoyed capital gains of 24.2% over the last 12 months in FRASER, translating to lower returns compared with its peers in ACT.
Figures from the previous quarter show that capital gains for real estate buyers in FRASER are low, as opposed to average gains per annum over the past five years.
The suburb posted a 15.65% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
On average, rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in FRASER.
FRASER, 2615 ranks 20th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 95th on the list of best yielding suburbs for rental properties in ACT, posting a 0% return.
Fraser is a suburb in the District of Belconnen in Canberra, Australian Capital Territory. Its namesake was James Reay “Jim” Fraser, a member of the House of Representative in the state. The suburb was gazetted in 1974, with its theme focusing on early ACT pioneers. Street names were taken after politicians, religious personalities, workers, estate agents and newspapermen who made tremendous contributions to Canberra’s development.
Streetscape and real estate overview
Fraser is bounded by hills and grasslands, with its liveable areas in the middle of two reserves: the Dunlop Grasslands Nature Reserve and the Mount Rogers Reserve. Of the two, Mount Rogers is a more popular hiking destination for its views of other suburbs in the Belconnen District and Lake Ginninderra.
Tillyard Drive bisects the western and eastern parts of the suburb. Blocks in some neighbourhood offer better privacy, with homes concealed by trees and thick shrubs. Small parklands in between housing estates break the monotony of dwelling structures, which are mostly three-bedroom bungalows. Estates near the fringes of the suburb have their backyards facing paddocks and the great outdoors.
Amenities are not that glitzy in Fraser, though adequate to provide for the needs of residents. There’s a grocer located at a block on the corner of Tillyard Drive and Daley Crescent that is next to a Chinese takeaway restaurant. The block also houses a pub called the Fraser Tavern, an accommodation provider, and the Fraser Family Inn.
As for recreational facilities, the Fraser Oval is located on the western section of the suburb near a primary school. Transport is not a problem, with buses running on a regular schedule and stopping over at various pickup points.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.2%||N/A|
|Median 3 years||15.65%||N/A|
|Median 5 years||35.4%||N/A|
|10 years average annual||4.96%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|