Property market update: Sydney, March 2020
The whole world halted in March with the emergence of an unprecedented health crisis. How will the Sydney property market fare moving forwar...
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Based on its average 5-year and quarterly capital gains BELCONNEN, 2617 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that the ACT suburb obtained a 0.34% growth over a ten-year period. It ranks 1346th on our list of suburbs that property investors should look into.
BELCONNEN, 2617 in ACT belongs to the local government area of Unincorporated ACT.
BELCONNEN, 2617 has a capital gain of 8.37% for the past year, which is higher than average compared to its -7.71% growth within a five-year period.
With the median home price in BELCONNEN sitting at $382,000, and the average rent at $440, property owners could potentially earn a 5.99% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BELCONNEN are high, as opposed to average gains per annum over the past five years.
A 8.37% increase in median property prices in BELCONNEN, 2617 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 6th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $382,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 0% |
| Median 12 month | N/A | 8.37% |
| Median 3 years | N/A | -2.92% |
| Median 5 years | N/A | -7.71% |
| 10 years average annual | N/A | 0.34% |
| Weekly media advert. rent | N/A | $440 |
| Time on Market | N/A | 85.8 days |
| Gross Rental Yield Percent | N/A | 5.99% |
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