Capital city clearance rates highest since 2017
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
ISABELLA PLAINS, 2905 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in ACT have risen as a whole, pulling ISABELLA PLAINS, 2905 values up and netting property investors a capital gain of 4.83% for the past year.
Investors saw the median home price rise to $570,000.
Profits due to an upward trend in home prices in the suburb averaged 7.09% per annum over a 3-year period.
ISABELLA PLAINS now ranks at the 58th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ISABELLA PLAINS are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $500 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ISABELLA PLAINS, homes and units usually stay on listing for an average of 55.9 days.
In 2016, 59 properties were sold in ISABELLA PLAINS during the past year, making it the 24th most active market in ACT based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $570,000 | $400,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.35% | -0.25% |
| Median 12 month | 4.83% | 1.52% |
| Median 3 years | 21.28% | 9.59% |
| Median 5 years | 28.09% | 6.67% |
| 10 years average annual | 3.99% | 2.16% |
| Weekly media advert. rent | $500 | $420 |
| Time on Market | 55.9 days | 57.2 days |
| Gross Rental Yield Percent | 4.56% | 5.46% |
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