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LathamLatham - SUBURB PROFILE REPORT
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Property investors have seen a 3.68% gain in LATHAM based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on LATHAM, 2615 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 12.67%.
Based on its average 5-year and quarterly capital gains LATHAM, 2615 saw average growth in the long term.
The ACT suburb also 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 $676,000
Profits averaged 8.4% per annum over a 3-year period, due to an upward trend in home prices in LATHAM, 2615.
This means, real estate investors could earn a rental income of $540 based on current median home prices for the suburb.
The gross rental yield in LATHAM, 2615 is 4.15%.
An average of 5.42 real estate transactions take place per month in LATHAM which translates to 65 per annum.
Latham is a suburb in the Belconnen district of Canberra, ACT. The suburb is bounded by the major arterial roads of Ginninderra Drive, Kingsford Smith Drive, Southern Cross Drive and Florey Drive. It lies next to the suburbs of Florey, Flynn, Charnwood and Holt.
The suburb’s namesake was John Greig Latham, who was the former chief justice of the High Court of Australia. Streets in Latham were named in honour of Australian judges.
Neighbourhood appeal
Latham is an attractive option for families who wish to live in a serene community with natural wonders right at their doorstep. The suburb is just a stone’s throw away from the Umbagong District Park-Latham and Ginninderra Creek, which both offer soothing views of prairies and the district’s waterways.
The suburb has adequate facilities and is a short drive away from the amenities in neighbouring suburbs. Latham has a convenience store on the corner of Wanliss Street and Dalley Crescent where residents can buy fresh produce daily, as well as groceries. The suburb has a school, two salons and a playing field.
Home buyers’ haven
Latham is a highly sought-after market with property tours exceeding that of the average for the entire ACT. The median home price in the suburb reflects a 20 per cent increase over the past five years, with prices settling at $535,000. Unit prices are catching up to the average house price, reflecting a 7.94 per cent increase to $401,000.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $676,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.68% | N/A |
| Median 12 month | 12.67% | N/A |
| Median 3 years | 25.19% | N/A |
| Median 5 years | 40.83% | N/A |
| 10 years average annual | 4.64% | N/A |
| Weekly media advert. rent | $540 | N/A |
| Time on Market | 41.2 days | N/A |
| Gross Rental Yield Percent | 4.15% | N/A |
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