Property investments in KAMBAH fare well against the rest of the country last year, registering a median home price increase of 2.78%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains KAMBAH, 2902 saw average growth in the long term.
Real estate investors could earn a rental income of $495 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 56.3 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $555,000.
KAMBAH ranks 9th on the list of best yielding suburbs for rental properties in ACT, posting a 4.64% return.
Profits due to an upward trend in home prices in KAMBAH, 2902 averaged 8.27% per annum over a 3-year period.
Average weekly rents on listings have reached the $410 mark, reflecting a 4.85% increase in returns based on the current median price in KAMBAH.
An average of 3.25 real estate transactions take place per month in KAMBAH which translates to 39 per annum.
39 properties were sold in KAMBAH during the past year, making it the 22nd most active market in ACT based on total real estate transactions.
As a homebuyer, it is natural that you...
A tough one, removing a mechanism which...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal