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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 8.94% for the past year.
Investors saw the median home price rise to $640,000.
Profits due to an upward trend in home prices in the suburb averaged 3.83% per annum over a 3-year period.
ISABELLA PLAINS now ranks at the 84th 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 $550 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 34.5 days.
In 2016, 62 properties were sold in ISABELLA PLAINS during the past year, making it the 28th most active market in ACT based on total real estate transactions.
Isabella Plains is a suburb in the Tuggeranong district of Canberra, bounded by the Isabella Drive to its north, Drakeford Drive to its west, Johnson Drive to its south and Ashley Drive to its east. The suburb is situated beside the suburbs of Monash, Bonython, Richardson and Calwell.
Gazetted in 1975, the suburb was named after the daughter of Sir Thomas Brisbane, Brisbane’s namesake and governor of NSW from 1921 to 1925. Australian explorers Captain Mark Currie, Major John Ovens and Joseph Wild, tasked to search for a robust, grazing land and expand living areas, discovered the area during an expedition.
Things to do in Isabella Plains
Isabella Plains is a stone throw’s away from the bushlands of Pine Island and Mount Stranger. Two other points of interest nearby are the Lake Tuggeranong and the Tuggeranong Creek, which are great venues for water sports activities and fishing.
Amenities in Isabella Plains
Isabella Plains has a shopping centre that houses a number of stores that can cater to residents’ basic needs. It is situated close to the neighbourhood centre, which locals can rent for events and group activities. Within walking distance are a primary school, an early childhood centre, a restaurant, clinic, salon, pharmacy and weather station. The suburb is home to the senior campus of the St. Mary MacKillop College.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.94%||21.34%|
|Median 3 years||11.5%||30.85%|
|Median 5 years||36.17%||43.62%|
|10 years average annual||3.35%||3.43%|
|Weekly media advert. rent||$550||N/A|
|Time on Market||34.5 days||47.8 days|
|Gross Rental Yield Percent||4.47%||N/A|