AREA REPORTS

Mckellar

 

 

ACT/
Mckellar

Suburb Profile

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

house

MCKELLAR, 2617 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 $713,000.

Profits due to an upward trend in home prices in the suburb averaged 1.21% per annum over a 3-year period.

MCKELLAR now ranks at the 85th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MCKELLAR are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $555 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MCKELLAR, homes and units usually stay on listing for an average of 38.2 days.

In 2016, 26 properties were sold in MCKELLAR during the past year, making it the 76th most active market in ACT based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $713,000 N/A
GROWTH REPORT
Median Quarterly -8.59% N/A
Median 12 month -10.31% N/A
Median 3 years 3.63% N/A
Median 5 years 32.04% N/A
10 years average annual 4.3% N/A
Weekly media advert. rent $555 N/A
Time on Market 38.2 days N/A
Gross Rental Yield Percent 4.05% N/A
demographics (median values)
Total Population
2601
Weekly Household Income
1644
Household Size
3.00
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Heavy clouds near house

The biggest mistakes first-time investors can make

No matter if you are a first-time investor or a veteran in the market, there are some aspects of investing that are universal to all. That...

Aerial shot of property and Scott Morrison

How investors are reacting one week after the election

With the federal election making way for a Liberal win, property investors saw proposals to negative gearing taken out of the equation for t...

Perth

New lending changes predicted to boost WA market, investors

Proposed changes by the prudential regulator would have a great impact for Western Australia’s property market and investors in the market...

Aerial shot of property

Halving stamp duty is the only solution to housing affordability

Australians looking to move up the property ladder are being hindered by a population spending too long in the wrong-size homes. To have a m...

Helping hand

Why investors should seek help from professionals instead of flying solo

Nobody wants to be stressed out by juggling multiple commitments, particularly for property investors with properties that can stay with the...

Arjun Paliwal

How this investor built a 9-property portfolio in 4 years

Investor Arjun Paliwal was only 22 years old when he started building his property portfolio. Now at 26, he holds nine properties spread acr...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.