Property News You Need To Know: The Week Ending 19 September
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Property investors enjoyed capital gains of 10.62% over the last 12 months in HOLT, translating to lower returns compared with its peers in ACT.
A survey of average capital gains or median home price increase in suburbs across the country shows that the ACT suburb obtained a 3.98% growth over a ten-year period. It ranks 2503rd on our list of suburbs that property investors should look into.
HOLT, 2615 has a capital gain of 10.62% for the past year, which is higher than average compared to its 38.58% growth within a five-year period.
With the median home price in HOLT sitting at $625,000, and the average rent at $550, property owners could potentially earn a 4.58% increase in gross rental yield.
A 10.62% increase in median property prices in HOLT, 2615 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 69th.
Figures from the previous quarter show that capital gains for real estate buyers in HOLT are low, as opposed to average gains per annum over the past five years.
HOLT, 2615 in ACT belongs to the local government area of Unincorporated ACT.
Holt is a suburb in the District of Belconnen in Canberra, Australian Capital Territory, bounded by Southern Cross Drive, Starke Street, Macnaughton Street, Stockdill Drive and the Bicentennial National Trail. Holt’s namesake was Harold Edward Holt, former prime minister of Australia, while its suburb’s street names were appointed in honour of athletes. The suburb was gazetted in 1970.
West Belconnen has rezoned land for upcoming expansions in Canberra’s northwest, resulting to off-the-plan land and housing packages cropping up on property listings. Real estate professionals and the government expect new developments on these land releases to accommodate tens and thousands of homes in the future. With the pace of growth in neighbouring suburbs, it’s not impossible for Holt to follow suit.
Things to do in Holt
Attractions near Holt include the Ginninderra Falls and the Molonglo River Park where the paths leading to the riverbanks are enveloped by bushlands. Another leisure destination in the suburb is the Magpies Belconnen Golf Club, which hosts regular clinics and competitions for the young and old.
Meanwhile, a community facility, the Kippax Centre, supports the lifestyle needs of residents. The centre is home to a library, a pharmacy, a supermarket, post office, banking facility and jewellery merchant. Holt also features a neighbourhood oval, sporting venues and several schools.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.62%||10.24%|
|Median 3 years||25%||25.02%|
|Median 5 years||38.58%||25.56%|
|10 years average annual||3.98%||2.37%|
|Weekly media advert. rent||$550||$430|
|Time on Market||50.1 days||41.7 days|
|Gross Rental Yield Percent||4.58%||5.1%|