Casey

POSTAL CODE: ACT, 2913

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The 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 $895,000.

The upward trend in home prices in CASEY, 2913 averaged 0.38% per annum over a 3-year period.

Average weekly rents on listings have reached the $700 mark, reflecting a 4.07% increase in returns based on the current median price in CASEY.

An average of 8.17 real estate transactions take place per month in CASEY which translates to 98 per annum.

98 properties were sold in CASEY in 2016, making it the 2nd most active market in ACT based on total real estate transactions.

CASEY, 2913 places 76th in Australia based on median property value growth during the quarter.

The 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 $690,500.

Average median unit prices in ACT have risen as a whole, pulling CASEY, 2913 values up and netting property investors a capital gain of 13.2% for the past year.

Investors saw the median home price rise to $690,500.

The upward trend in home prices in CASEY, 2913 averaged 3.35% per annum over a 3-year period.

CASEY now ranks at the 46th 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 CASEY are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $610 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In CASEY, homes and units usually stay on listing for an average of 52.6 days.

54 properties were sold in CASEY in 2016, making it the 9th most active market in ACT based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$895,000	$690,500
Growth Report
Median Quarterly	-2.98%	-4.1%
Median 12 month	-5.54%	13.2%
Median 3 years	1.13%	10.04%
Median 5 years	30.66%	32.79%
10 years average annual	5.44%	5.27%
Weekly media advert. rent	$700	$610
Time on Market	39.7 days	52.6 days
Gross Rental Yield Percent	4.07%	4.59%

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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