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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.

Average median house prices in ACT have risen as a whole, pulling MCKELLAR, 2617 values up and netting property investors a capital gain of 8.45% for the past year.

Investors saw the median home price rise to $770,000.

Profits due to an upward trend in home prices in the suburb averaged 6.68% per annum over a 3-year period.

MCKELLAR now ranks at the 12th 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 $592.5 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 53.7 days.

In 2016, 20 properties were sold in MCKELLAR during the past year, making it the 79th 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 $770,000 N/A
GROWTH REPORT
Median Quarterly 4.05% N/A
Median 12 month 8.45% N/A
Median 3 years 20.03% N/A
Median 5 years 31.12% N/A
10 years average annual 2.89% N/A
Weekly media advert. rent $592.5 N/A
Time on Market 53.7 days N/A
Gross Rental Yield Percent 4% N/A
demographics (median values)
Total Population
2601
Weekly Household Income
1644
Household Size
3.00
demographics
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