Dodgy landlord pockets bond
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Property investors enjoyed capital gains of 0.91% over the last 12 months in BELCONNEN, 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 -2.2% decrease over a ten-year period. It ranks 3886th on our list of suburbs that property investors should look into.
With the median home price in BELCONNEN sitting at $387,500, and the average rent at $420, property owners could potentially earn a 5.64% increase in gross rental yield.
A 0.91% 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 56th.
BELCONNEN, 2617 in ACT belongs to the local government area of Unincorporated ACT.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $387,500 | $377,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 0.94% |
| Median 12 month | 0.91% | 1.48% |
| Median 3 years | -5.49% | -1.95% |
| Median 5 years | N/A | -7% |
| 10 years average annual | -2.2% | 0.49% |
| Weekly media advert. rent | $420 | $420 |
| Time on Market | 0.0 days | 75.2 days |
| Gross Rental Yield Percent | 5.64% | 5.65% |
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