Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
Based on its average 5-year and quarterly capital gains FADDEN, 2904 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that FADDEN, 2904 obtained a 3.58% growth over a ten-year period. It ranks 2152nd on our list of suburbs that property investors should look into.
FADDEN, 2904 in ACT belongs to the local government area of Unincorporated ACT.
FADDEN, 2904 has a capital gain of 6.28% for the past year, which is higher than average compared to its 22.42% growth within a five-year period.
With the median home price in FADDEN sitting at $800,000, and the average rent at $667.5, property owners could potentially earn a 4.34% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in FADDEN are low, as opposed to average gains per annum over the past five years.
A 6.28% increase in median property prices in FADDEN, 2904 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 21st.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $800,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 6.28% | N/A |
| Median 3 years | 17.43% | N/A |
| Median 5 years | 22.42% | N/A |
| 10 years average annual | 3.58% | N/A |
| Weekly media advert. rent | $667.5 | N/A |
| Time on Market | 79.5 days | N/A |
| Gross Rental Yield Percent | 4.34% | N/A |
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