Regional town remains resilient despite COVID-19
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Property investors have seen a 3.67% gain in RICHARDSON based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains RICHARDSON, 2905 saw average growth in the long term.
The ACT suburb also 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 $565,000
Profits averaged 4.33% per annum over a 3-year period, due to an upward trend in home prices in RICHARDSON, 2905.
This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
The gross rental yield in RICHARDSON, 2905 is 4.6%.
An average of 3.25 real estate transactions take place per month in RICHARDSON which translates to 39 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $565,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.67% | N/A |
| Median 12 month | 3.67% | N/A |
| Median 3 years | 13% | N/A |
| Median 5 years | 32.94% | N/A |
| 10 years average annual | 3.39% | N/A |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 45.8 days | N/A |
| Gross Rental Yield Percent | 4.6% | N/A |
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