What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
A survey of average capital gains or median home price increase in suburbs across the country shows that the ACT suburb obtained a 5.39% growth over a ten-year period. It ranks 1528th on our list of suburbs that property investors should look into.
GIRALANG, 2617 has a capital gain of -0.74% for the past year, which is lower than average compared to its 33.53% growth within a five-year period.
With the median home price in GIRALANG sitting at $675,000, and the average rent at $535, property owners could potentially earn a 4.12% increase in gross rental yield.
A -0.74% 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 58th.
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 | $675,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.15% | N/A |
| Median 12 month | -0.74% | N/A |
| Median 3 years | 17.39% | N/A |
| Median 5 years | 33.53% | N/A |
| 10 years average annual | 5.39% | N/A |
| Weekly media advert. rent | $535 | N/A |
| Time on Market | 50.7 days | N/A |
| Gross Rental Yield Percent | 4.12% | N/A |
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