Amaroo

POSTAL CODE: ACT, 2914

HOUSE

UNIT

Property investments in AMAROO fare well against the rest of the country last year, registering a median home price increase of 5.76%.

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 $750 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 56.9 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,010,000.

AMAROO ranks 28th on the list of best yielding suburbs for rental properties in ACT, posting a 3.86% return.

Based on its average 5-year and quarterly capital gains AMAROO, 2914 saw average growth in the long term.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in AMAROO, 2914 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the $580 mark, reflecting a 4.12% increase in returns based on the current median price in AMAROO.

An average of 1.75 real estate transactions take place per month in AMAROO which translates to 21 per annum.

21 properties were sold in AMAROO during the past year, making it the 39th most active market in ACT based on total real estate transactions.

AMAROO, 2914 places 39th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,010,000	$732,500
Growth Report
Median Quarterly	2.02%	0.27%
Median 12 month	5.76%	9%
Median 3 years	11.85%	0%
Median 5 years	32.55%	28.34%
10 years average annual	6.16%	5.55%
Weekly media advert. rent	$750	$580
Time on Market	56.9 days	N/A
Gross Rental Yield Percent	3.86%	4.12%

Demographics (Median Values)*

Total Population 25204

Weekly Household Income 2388

Household Size 3.10

Average Age 31

Monthly Loan Repayment 2167

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

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