Suburb Profile
Wanniassa - FREE SUBURB PROFILE REPORT POSTAL CODE: ACT,2903
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 $590,000.
The upward trend in home prices in WANNIASSA, 2903 averaged 6% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 4.41% increase in returns based on the current median price in WANNIASSA.
An average of 8 real estate transactions take place per month in WANNIASSA which translates to 96 per annum.
96 properties were sold in WANNIASSA in 2016, making it the 1st most active market in ACT based on total real estate transactions.
WANNIASSA, 2903 places 21st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $590,000 | $400,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.96% | -4.76% |
| Median 12 month | 10.18% | -2.44% |
| Median 3 years | 18.01% | 0.25% |
| Median 5 years | 22.07% | 4.92% |
| 10 years average annual | 4.02% | 3.19% |
| Weekly media advert. rent | $500 | $365 |
| Time on Market | 68.0 days | 0.0 days |
| Gross Rental Yield Percent | 4.41% | 4.75% |
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