Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $650,000.
The upward trend in home prices in CASEY, 2913 averaged 18.31% per annum over a 3-year period.
Average weekly rents on listings have reached the $470 mark, reflecting a 3.76% increase in returns based on the current median price in CASEY.
An average of 11.17 real estate transactions take place per month in CASEY which translates to 134 per annum.
134 properties were sold in CASEY in 2016, making it the 82nd most active market in ACT based on total real estate transactions.
CASEY, 2913 places 65th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | $450,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.52% | -1.1% |
| Median 12 month | 12.07% | -1.1% |
| Median 3 years | 54.93% | 8.43% |
| Median 5 years | 21.5% | 12.86% |
| 10 years average annual | 8.44% | 4.46% |
| Weekly media advert. rent | $470 | $390 |
| Time on Market | 69.3 days | 58.7 days |
| Gross Rental Yield Percent | 3.76% | 4.51% |
If Apra think they are going to lower...
Hopefully this will increase the value...
Great post! I must appreciate that you...