Hot Property: The biggest stories this week
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Property investors enjoyed capital gains of 8.49% over the last 12 months in GIRALANG, 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 4.68% growth over a ten-year period. It ranks 1656th on our list of suburbs that property investors should look into.
GIRALANG, 2617 has a capital gain of 8.49% for the past year, which is higher than average compared to its 30.83% growth within a five-year period.
With the median home price in GIRALANG sitting at $735,000, and the average rent at $505, property owners could potentially earn a 3.57% increase in gross rental yield.
A 8.49% increase in median property prices in GIRALANG, 2617 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 18th.
Figures from the previous quarter show that capital gains for real estate buyers in GIRALANG are low, as opposed to average gains per annum over the past five years.
GIRALANG, 2617 in ACT belongs to the local government area of Unincorporated ACT.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $735,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.68% | N/A |
| Median 12 month | 8.49% | N/A |
| Median 3 years | 19.51% | N/A |
| Median 5 years | 30.83% | N/A |
| 10 years average annual | 4.68% | N/A |
| Weekly media advert. rent | $505 | N/A |
| Time on Market | 92.5 days | N/A |
| Gross Rental Yield Percent | 3.57% | N/A |
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