Property Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
Based on its average 5-year and quarterly capital gains BONYTHON, 2905 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 BONYTHON, 2905 obtained a 3.63% growth over a ten-year period. It ranks 2631st on our list of suburbs that property investors should look into.
BONYTHON, 2905 in ACT belongs to the local government area of Unincorporated ACT.
BONYTHON, 2905 has a capital gain of 10.45% for the past year, which is higher than average compared to its 42.31% growth within a five-year period.
With the median home price in BONYTHON sitting at $740,000, and the average rent at $540, property owners could potentially earn a 3.79% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BONYTHON are high, as opposed to average gains per annum over the past five years.
A 10.45% increase in median property prices in BONYTHON, 2905 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 73rd.
Bonython is a suburb of Tuggeranong in Canberra, ACT. It is bounded by the arterial roads of Drakeford Drive and Woodcock Drive. Gazetted in 1986, the suburb was named in honour of John Langdon Bonython, a newspaper publisher who ran the Adelaide broadsheet The Advertiser during the early 20th century. Street names in Bonython were in honour of esteemed journalists and personalities from South Australia.
Streetscapes and amenities
Despite its seeming remoteness from flashy precincts and busy lifestyle centres, Bonython continues to attract the right residents who have an affinity for the outdoors, as well as those who love to break a sweat and walk to work.
With a wealth of pedestrian footpaths, parklands and commercial spaces in close proximity, it’s a breeze to get around in Bonython without having to hop on your bike or car. Housing estates are just a few minutes walk away from the Hyperdome Shopping Centre, and so are neighbourhood centres and shop rows.
Real estate prices
Property tours in the suburb are on the lower end of the scale, with visits per property 97 points lower than the average in entire Canberra. The average home price in Bonython has risen by over an estimated 12 per cent in the past five years, settling at $610,000, while units are at $460,000. Income from rental properties, meanwhile, reflected a 4 per cent growth.
Like most Tuggeranong suburbs, Bonython is considered by lenders as a low-risk postcode. This makes it relatively easy for buyers eyeing a home in the suburb to take out a mortgage.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.45%||9.68%|
|Median 3 years||16.26%||19.35%|
|Median 5 years||42.31%||30.59%|
|10 years average annual||3.63%||2.07%|
|Weekly media advert. rent||$540||$515|
|Time on Market||43.6 days||32.4 days|
|Gross Rental Yield Percent||3.79%||4.83%|