Regional town remains resilient despite COVID-19
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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 2.9% growth over a ten-year period. It ranks 2461st 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 5.82% for the past year, which is higher than average compared to its 15.71% growth within a five-year period.
With the median home price in GILMORE sitting at $582,000, and the average rent at $550, property owners could potentially earn a 4.91% 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 5.82% 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 27th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $582,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.34% | N/A |
| Median 12 month | 5.82% | N/A |
| Median 3 years | 7.28% | N/A |
| Median 5 years | 15.71% | N/A |
| 10 years average annual | 2.9% | N/A |
| Weekly media advert. rent | $550 | N/A |
| Time on Market | 56.0 days | N/A |
| Gross Rental Yield Percent | 4.91% | N/A |
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