A 10.46% increase in median property prices in CRACE, 2911 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 26th.
A steady increase in median property prices over a five-year period in the suburb translates to a 10.46% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $765,500
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 $480.
Home owners selling their properties and realtors in CRACE usually have to wait an average of 55.1 days days before their assets are lifted off the market.
The ACT suburb ranks 74th on the list of best yielding suburbs for rental properties in ACT, posting a 3.26% return.
It also places places 63rd in Australia based on median property value growth during the quarter.
With the median home price in CRACE sitting at $329,000, and the average rent at $375, property owners could potentially earn a 5.93% increase in gross rental yield.
CRACE, 2911 in ACT belongs to the local government area of Unincorporated ACT.
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