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A steady increase in median property prices over a five-year period in the suburb translates to a 20.04% capital gain.
Property investors in CHISHOLM enjoyed capital gains of 9.24% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $650,000.
Profits due to an upward trend in home prices there averaged 6.68% per annum over a 3-year period.
Home owners selling their properties and realtors in CHISHOLM usually have to wait an average of 43.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $550 mark, reflecting a 4.4% increase in returns based on the current median price in CHISHOLM.
CHISHOLM, 2905 places 21st in Australia based on median property value growth during the quarter.
Chisholm is a suburb in the Tuggeranong District in the Australian Capital Territory. Chisholm is bounded by the arterial roads of Isabella Drive and the Monaro Highway, and bordered by the suburbs of Gilmore on the east, Richardson on the west, Gowrie to the northeast, Fadden to the north, and Macarthur to the northwest. Chisholm’s postcode is 2905.
Gazetted in 1975, the suburb’s namesake is Caroline Chisholm, a philanthropist and a labour advocate who helped migrants in New South Wales to find work, especially young women. The suburb’s theme is about women who had made tremendous contributions to Australian society and politics.
Chisholm is a well-serviced neighbourhood that possesses seamless transportation links and basic amenities. It has the Chisholm Community Centre on its northeastern corner which houses a number of shops and service providers, a supermarket and a number of restaurants. Situated close to this shopping centre are the Lutheran Church and other main facilities.
Property price overview
The median monthly mortgage repayment rate in Chisholm is $2,000. It has one of the lowest average house prices in Canberra, at $512,500. The median price in the suburb has increased by 11 per cent in the past five years. The average rent, meanwhile, rose by 4.57 per cent in the past 12 months.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.24%||N/A|
|Median 3 years||20.04%||N/A|
|Median 5 years||38.3%||N/A|
|10 years average annual||3.4%||N/A|
|Weekly media advert. rent||$550||N/A|
|Time on Market||43.3 days||N/A|
|Gross Rental Yield Percent||4.4%||N/A|