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Bruce

Suburb Profile

Bruce - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2617

house
unit

A -8.54% increase in median property prices in BRUCE, 2617 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 84th.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $722,500

The augmented property values in the suburb are trailing behind the territorial average of 1.65% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $650.

Home owners selling their properties and realtors in BRUCE usually have to wait an average of 49.2 days days before their assets are lifted off the market.

The ACT suburb ranks 23rd on the list of best yielding suburbs for rental properties in ACT, posting a 4.68% return.

It also places places 67th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $722,500 $354,000
GROWTH REPORT
Median Quarterly -2.36% -0.56%
Median 12 month -8.54% -7.09%
Median 3 years -14.65% -16.71%
Median 5 years -1.03% -14.18%
10 years average annual 2.4% -0.17%
Weekly media advert. rent $650 $430
Time on Market 49.2 days 78.9 days
Gross Rental Yield Percent 4.68% 6.32%
demographics (median values)
Total Population
3384
Weekly Household Income
2066
Household Size
2.60
demographics
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