5 key changes sought to drive WA property market
Politicians are being urged to make real estate a key focus of elections, in a bid to create a fairer and more prosperous market. ...
A -1.93% increase in median property prices in OXLEY, 2903 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 80th.
A steady increase in median property prices over a five-year period in the suburb translates to a -1.55% capital gain.
It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $635,000
The augmented property values in the suburb are trailing behind the territorial average of 5.2% in 2016.
Home owners selling their properties and realtors in OXLEY usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The ACT suburb ranks 93rd on the list of best yielding suburbs for rental properties in ACT, posting a 0% return.
It also places places 49th in Australia based on median property value growth during the quarter.
Oxley is a suburb in the Tuggeranong district of Canberra, bounded by Drakeford Drive, Taverner Street, and Erindale Drive. It lies next to the suburbs of Wanniassa, Monash, and Kambah, and across the Lake Tuggeranong. The suburb’s namesake was John Joseph Oxley, a British explorer who discovered the Brisbane River and was the Surveyor-General of NSW.
Things to do in Oxley
Oxley is near the Lake Tuggeranong area and its enthralling foreshore. At its heart rises Oxley Hill, a minute hill that’s perfect for hiking and sunset viewing. For entertainment and leisure, Wanniassa’s lively lifestyle precincts are just a short drive away. Oxley has its own school, the Oxley Early Learning Centre, and is also close to nearby Wanniassa schools, such as the Trinity Christian School.
Housing stock
The housing stock in Oxley is low, with visits per property slightly surpassing the average for entire Canberra. This makes Oxley a high-demand market and among the top suburbs in Tuggeranong that showed a modest property value increase by postcode. Growth indicators are on an upward trend, with the median home price reaching $645,000.
The average income from rental properties is meanwhile up by 4.11 per cent. The average house price reflects a nearly 10 per cent increase for the last five years, while data for the past three years show that the price has climbed by over 10 per cent.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $635,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.25% | N/A |
| Median 12 month | -1.93% | N/A |
| Median 3 years | -1.55% | N/A |
| Median 5 years | 19.81% | N/A |
| 10 years average annual | 5.83% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
Politicians are being urged to make real estate a key focus of elections, in a bid to create a fairer and more prosperous market. ...
Sophisticated investors have traditionally held a mixture of residential and commercial properties in their portfolios, but today’s COVID-...
Investment properties (or properties used for income-producing purposes) have unique tax deductions that you can use to lower the tax that y...
Apartment rents have fallen off a cliff in Sydney and Melbourne, on the back of collapsing demand among international students and migrants,...
The value of directly held assets by shopping mall owner Vicinity Centres contracted by $570 million on the back of the pandemic’s hammer ...
Despite a COVID-induced economic downturn, real estate remained resilient, ultimately emerging as one of the most in-demand jobs markets in ...
Get notifications in real-time for staying up to date with content that matters to you.
