The post-budget guide to commercial property investing

Gowrie

POSTAL CODE: ACT, 2904
HOUSE
GOWRIE ranks 46th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 7.45% for the past year is higher than average compared to its 34.13% growth within a five-year period.

Also in GOWRIE, the median home price is sitting at $1,010,000, and the average rent at $785, this suggests property owners could potentially earn a 4.04% increase in gross rental yield.

Property investors have seen a 1% gain in GOWRIE based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.96% growth over a ten-year period. It ranks 2027th on our list of suburbs that property investors should look into.

Surburb overview

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.

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