Rental property rarely used as retirement income tool
Only a tiny proportion of older Australians expect property income to be their main source of income in retirement, despite these people bei...
Based on its average 5-year and quarterly capital gains MACARTHUR, 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 MACARTHUR, 2904 obtained a 4.26% growth over a ten-year period. It ranks 1934th on our list of suburbs that property investors should look into.
MACARTHUR, 2904 in ACT belongs to the local government area of Unincorporated ACT.
MACARTHUR, 2904 has a capital gain of -7.67% for the past year, which is lower than average compared to its 12.6% growth within a five-year period.
With the median home price in MACARTHUR sitting at $692,500, and the average rent at $520, property owners could potentially earn a 3.9% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MACARTHUR are low, as opposed to average gains per annum over the past five years.
A -7.67% increase in median property prices in MACARTHUR, 2904 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 84th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $692,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.68% | N/A |
| Median 12 month | -7.67% | N/A |
| Median 3 years | 15.9% | N/A |
| Median 5 years | 12.6% | N/A |
| 10 years average annual | 4.26% | N/A |
| Weekly media advert. rent | $520 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.9% | N/A |
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