Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
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 2.95% growth over a ten-year period. It ranks 2576th 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 5.07% for the past year, which is lower than average compared to its 29.25% growth within a five-year period.
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 5.07% 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 59th.
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.
Community profile
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.
Property market
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 Price | $601,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 5.07% | N/A |
| Median 3 years | 14.48% | N/A |
| Median 5 years | 29.25% | N/A |
| 10 years average annual | 2.95% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 34.9 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
With most of the property market finding its footing by the end of 2020, after the COVID-induced disruption, experts have grown optimistic a...
Capital city prices could soar if the backbenchers’ continued push to enable first home buyers to access their super to fund their home de...
Sydney buyers have been flocking to one of NSW’s “best-kept secrets”, the Central Coast’s 2261 postcode region, a real estate brand ...
Homes in Sydney are selling more than $1 million above the reserve, with the preliminary clearance rate hitting new heights, new research ha...
Despite the obvious impact the COVID-19 pandemic has had on CBDs, a researcher has labelled the forecasted death of CBDs an over-exaggeratin...
Get notifications in real-time for staying up to date with content that matters to you.
