Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Based on its average 5-year and quarterly capital gains GILMORE, 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 GILMORE, 2905 obtained a 6.73% growth over a ten-year period. It ranks 1584th on our list of suburbs that property investors should look into.
GILMORE, 2905 in ACT belongs to the local government area of Unincorporated ACT.
GILMORE, 2905 has a capital gain of 38.47% for the past year, which is higher than average compared to its 50.45% growth within a five-year period.
With the median home price in GILMORE sitting at $835,000, and the average rent at $610, property owners could potentially earn a 3.8% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GILMORE are low, as opposed to average gains per annum over the past five years.
A 38.47% increase in median property prices in GILMORE, 2905 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 14th.
Gilmore is a suburb in the Tuggeranong District of Canberra. It is situated beside the suburbs of Macarthur and Chisholm and is accessible via major arterial roads. Gilmore’s postcode is 2905.
Gazetted in 1975, the suburb’s namesake is Dame Mary Gilmore, a poet and journalist who made significant contributions to the country’s literature. The suburb’s streets were named in honour of women who were considered movers and shakers in the world of journalism.
Gilmore’s population numbers 2,750, with a median age of 35, similar with Canberra. Residents are a mix of Australian-born citizens and migrants from England, New Zealand, the Philippines, India, South Africa, Italy, Malaysia, Lebanon, Vietnam and Scotland. The average income for individuals and households in Gilmore are $957 and $2,161, respectively.
The average house price in Gilmore is $552,500, which reflects a growth of 6.76 per cent over the past 12 months, based on our latest property data. Residents pay an average mortgage repayment of $2,037 for their property.
Amenities and transportation
Gilmore’s existing amenities include a primary school, a neighbourhood oval, an electrical substation, and a number of small businesses located in housing estates. The suburb is serviced by the ACTION bus network, whose fleet ply a number of routes through it. The network deploys more buses in the suburb during peak commuting hours, connecting Gilmore conveniently with neighbouring suburbs and transport links.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||38.47%||N/A|
|Median 3 years||47.79%||N/A|
|Median 5 years||50.45%||N/A|
|10 years average annual||6.73%||N/A|
|Weekly media advert. rent||$610||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.8%||N/A|