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Franklin
AREA REPORTS

Franklin

Franklin - SUBURB PROFILE REPORT
POSTAL CODE: ACT, 2913

house
unit

Property investors have seen a 2.94% gain in FRANKLIN based on an increase in median home prices for the past three months.

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 $842,000

Profits averaged 6.06% 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 4.01%.

An average of 5 real estate transactions take place per month in FRANKLIN which translates to 60 per annum.

Data report can be found below

Franklin
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $842,000 $395,000
GROWTH REPORT
Median Quarterly 2.94% 2.6%
Median 12 month 8.79% 4.94%
Median 3 years 18.18% 5.9%
Median 5 years 30.75% 8.25%
10 years average annual 4.39% 2.18%
Weekly media advert. rent $650 $450
Time on Market 50.8 days 60.8 days
Gross Rental Yield Percent 4.01% 5.92%
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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