Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
ISABELLA PLAINS, 2905 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $556,500.
Profits due to an upward trend in home prices in the suburb averaged 5.51% per annum over a 3-year period.
ISABELLA PLAINS now ranks at the 29th 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 44.4 days.
In 2016, 62 properties were sold in ISABELLA PLAINS during the past year, making it the 21st most active market in ACT based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $556,500 | $427,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.11% | 2.76% |
| Median 12 month | -3.05% | 6.61% |
| Median 3 years | 16.54% | 14.23% |
| Median 5 years | 26.33% | 17.12% |
| 10 years average annual | 3.26% | 1.91% |
| Weekly media advert. rent | $500 | $450 |
| Time on Market | 44.4 days | 47.3 days |
| Gross Rental Yield Percent | 4.67% | 5.47% |
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