The case for Canberra’s office market
No longer just a public service bubble, Canberra has seen an increase in private sector activity in recent years, bringing with it a raft of...
Property investments in AMAROO fare well against the rest of the country last year, registering a median home price increase of -1.68%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains AMAROO, 2914 saw average growth in the long term.
Real estate investors could earn a rental income of $580 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 62.7 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $660,000.
AMAROO ranks 27th on the list of best yielding suburbs for rental properties in ACT, posting a 4.57% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $660,000 | $510,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.76% | 1.8% |
| Median 12 month | -1.68% | -2.86% |
| Median 3 years | 10.92% | 11.72% |
| Median 5 years | 21.1% | 17.24% |
| 10 years average annual | 3.61% | 2.83% |
| Weekly media advert. rent | $580 | $500 |
| Time on Market | 62.7 days | 0.0 days |
| Gross Rental Yield Percent | 4.57% | 5.1% |
No longer just a public service bubble, Canberra has seen an increase in private sector activity in recent years, bringing with it a raft of...
New and improved community facilities will soon be available in a number of Melbourne and surrounds’ fastest growing suburbs. ...
Nearly three decades of negotiation has finally seen the transferal of 66 hectares of land for a new coastal community in the outer suburbs ...
A new ratings system to determine “risky players” in the building industry is set to be implemented across NSW in an effort to help pre...
There’s a false belief held by many Australians that the larger the city they choose to invest in, the better their return on that investm...
Long gone are the days where home owners would take out a loan and stick with their lender for life. ...
Get notifications in real-time for staying up to date with content that matters to you.