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Franklin
AREA REPORTS

Franklin

Franklin - SUBURB PROFILE REPORT
POSTAL CODE: ACT, 2913

house
unit

Property investors have seen a 4.28% gain in FRANKLIN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on FRANKLIN, 2913 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 13.44%.

Based on its average 5-year and quarterly capital gains FRANKLIN, 2913 saw average growth in the long term.

The ACT 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 $878,000

Profits averaged 7.89% per annum over a 3-year period, due to an upward trend in home prices in FRANKLIN, 2913.

This means, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

The gross rental yield in FRANKLIN, 2913 is 3.85%.

An average of 4.92 real estate transactions take place per month in FRANKLIN which translates to 59 per annum.

Data report can be found below

Franklin
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $878,000 $418,000
GROWTH REPORT
Median Quarterly 4.28% 4.5%
Median 12 month 13.44% 10%
Median 3 years 23.66% 10.07%
Median 5 years 35.08% 17.75%
10 years average annual 4.78% 2.56%
Weekly media advert. rent $650 $450
Time on Market 43.8 days 47.7 days
Gross Rental Yield Percent 3.85% 5.6%
demographics (median values)*
Total Population
35053
Weekly Household Income
2149
Household Size
2.80
Age
32
Monthly Loan Repayment
2037
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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