Property investments in MONASH did not fare well against the rest of the country last year, registering a median home price decrease of 10.27%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains MONASH, 2904 saw average growth in the long term.
Real estate investors could earn a rental income of $540 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 71.1 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $617,500.
MONASH ranks 13th on the list of best yielding suburbs for rental properties in ACT, posting a 4.55% return.
Profits due to an upward trend in home prices in MONASH, 2904 averaged 2.08% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 5.18% increase in returns based on the current median price in MONASH.
An average of 2.67 real estate transactions take place per month in MONASH which translates to 32 per annum.
32 properties were sold in MONASH during the past year, making it the 25th most active market in ACT based on total real estate transactions.
MONASH, 2904 places 30th in Australia based on median property value growth during the quarter.
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