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Wanniassa

Suburb Profile

Wanniassa - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2903

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unit

WANNIASSA, 2903 ranks 1506th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 3.62% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb 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 $601,000.

The upward trend in home prices in WANNIASSA, 2903 averaged 3.97% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 4.76% increase in returns based on the current median price in WANNIASSA.

An average of 8.92 real estate transactions take place per month in WANNIASSA which translates to 107 per annum.

107 properties were sold in WANNIASSA in 2016, making it the 91st most active market in ACT based on total real estate transactions.

WANNIASSA, 2903 places 28th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $601,000 $433,500
GROWTH REPORT
Median Quarterly 1.86% N/A
Median 12 month 3.62% 10.45%
Median 3 years 11.92% 4.46%
Median 5 years 20.57% 8.65%
10 years average annual 3.11% 2.12%
Weekly media advert. rent $550 $450
Time on Market 36.1 days 41.1 days
Gross Rental Yield Percent 4.76% 5.4%
demographics (median values)
Total Population
7929
Weekly Household Income
1482
Household Size
2.70
demographics
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