Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
The suburb’s capital gain of 30.57% for the past year is higher than average compared to its 63.95% growth within a five-year period.
Also in GOWRIE, the median home price is sitting at $875,500, and the average rent at $640, this suggests property owners could potentially earn a 3.8% increase in gross rental yield.
Property investors have seen a 12.24% gain in GOWRIE based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on GOWRIE, 2904 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 30.57%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.98% growth over a ten-year period. It ranks 1966th on our list of suburbs that property investors should look into.
Gowrie is a suburb in the Tuggeranong District of Canberra. It is situated beside the suburbs of Monash, Wanniassa, Fadden, Richardson and Chisholm. Gazetted in 1975, Gowrie was named in honour of Australian governor-general Alexander Gore Arkwright Hore-Ruthven. The suburb’s street name theme revolves around armed service personnel.
Residents and visitors can expect a generally nifty to moderate weather in Gowrie. The suburb straddles a flat land near the foothills of Mount Wanniassa and rests on an elevation that’s 600 to 650 metres above sea level. An aerial view of Gowrie would shows roofs interspersed with a lot of foliage, against a backdrop of verdant, rolling hills and mountain ranges.
Average property prices
Most of the dwelling structures in Gowrie were three-bedroom houses, followed by semi-detached homes. Apartment units for sale seldom come by, as most new developments are concentrated in the neighbouring suburbs of Greenway, Wanniassa and Farrer.
The average house price in the suburb is $548,250, which reflects an estimated 11 per cent increase in the past five years. There are older properties on offer below that range, but are nonetheless situated in a good location that’s in close proximity of schools and amenities. Meanwhile, $450,000 can get you a decent, one-bedroom apartment unit in Gowrie. The average rate for rental properties has risen by an estimated 5 per cent per month.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||30.57%||N/A|
|Median 3 years||36.8%||N/A|
|Median 5 years||63.95%||N/A|
|10 years average annual||5.98%||N/A|
|Weekly media advert. rent||$640||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.8%||N/A|