How To Shift From A Residential To Commercial Portfolio
Many things feel uncertain in the world at the moment, but one thing’s for sure, commercial property is producing some...
Based on its average 5-year and quarterly capital gains CONDER, 2906 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that CONDER, 2906 obtained a 2.46% growth over a ten-year period. It ranks 3005th on our list of suburbs that property investors should look into.
CONDER, 2906 in ACT belongs to the local government area of Unincorporated ACT.
CONDER, 2906 has a capital gain of 3.85% for the past year, which is lower than average compared to its 28.28% growth within a five-year period.
Figures from the previous quarter show that capital gains for real estate buyers in CONDER are low, as opposed to average gains per annum over the past five years.
A 3.85% increase in median property prices in CONDER, 2906 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 72nd.
Conder is a suburb in Canberra, ACT, in the district of Tuggeranong. The suburb is in the southern-most area of Canberra and is surrounded by the Tuggeranong Hill Nature Reserve and the Rob Roy Nature Reserve. It is bordered by the suburbs of Gordon, Calwell, and Banks.
Named after the artist Charles Conder, the street names are themed by the names of artists and members of the Heidelberg School and the towns associated with it, such as Russell Drysdale and Tom Roberts.
What to do in Conder
Conder is home to the Lanyon Market Place, which provides various commercial establishments to the suburbs around the Lanyon Valley. Students could enroll at the Lanyon High School, St. Clare of Assisi Primary School, and Charles Conder Primary School. It is also home to one of the four Viking clubs in Canberra, located at Heidelberg Street.
Conder has a population of 5,059 with around 1,391 families inhabiting the suburb. It has a median age of 35 years and families inhabit at least 1,830 private dwellings in the suburb. Eighty-seven per cent of the population of residents of Conder are Australian-born, and other residents' origin of birth are England, New Zealand, Sri Lanka, Philippines, Scotland, Poland, Laos, and India.
Real estate performance
The median home price for houses in Conder is $585,000, while units have a median price of $375,000. Weekly rent averages at $425 for houses and $390 for units. Eighty-eight per cent of properties in Conder are separate house properties while the rest are semi-detached houses, flat, units, or apartments. Conder's house prices have grown by 1.11 per cent and unit prices have grown by minus 2.16 per cent in the past three years.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.85%||31.16%|
|Median 3 years||16.83%||31.16%|
|Median 5 years||28.28%||31.16%|
|10 years average annual||2.46%||3.65%|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||47.6 days||0.0 days|
|Gross Rental Yield Percent||N/A||N/A|