A 7.41% increase in median property prices in THEODORE, 2905 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 44th.
A steady increase in median property prices over a five-year period in the suburb translates to a 7.93% capital gain.
It 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 $551,000
The augmented property values in the suburb are trailing above the territorial average of 6.88% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $490.
Home owners selling their properties and realtors in THEODORE usually have to wait an average of 43.2 days days before their assets are lifted off the market.
The ACT suburb ranks 10th on the list of best yielding suburbs for rental properties in ACT, posting a 4.62% return.
It also places places th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 10.68% over the last 12 months in THEODORE, translating to lower returns compared with its peers in ACT.
A survey of average capital gains or median home price increase in suburbs across the country shows that THEODORE, 2905 obtained a 3.13% growth over a ten-year period. It ranks 998th on our list of suburbs that property investors should look into.
THEODORE, 2905 has a capital gain of 10.68% for the past year, which is higher than average compared to its 17.49% growth within a five-year period.
With the median home price in THEODORE sitting at $430,000, and the average rent at $420, property owners could potentially earn a 5.08% increase in gross rental yield.
A 10.68% increase in median property prices in THEODORE, 2905 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 12th.
Figures from the previous quarter show that capital gains for real estate buyers in THEODORE are low, as opposed to average gains per annum over the past five years.
THEODORE, 2905 in ACT belongs to the local government area of Unincorporated ACT.