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Amaroo
AREA REPORTS

Amaroo

Amaroo - SUBURB PROFILE REPORT
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 5.89%.

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 $590 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 39.1 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 $773,000.

AMAROO ranks 41st on the list of best yielding suburbs for rental properties in ACT, posting a 3.97% return.

Data report can be found below

Amaroo
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $773,000 $577,000
GROWTH REPORT
Median Quarterly 1.44% 0.96%
Median 12 month 5.89% 6.85%
Median 3 years 14.52% 17.76%
Median 5 years 31.02% 32.64%
10 years average annual 4.16% 3.36%
Weekly media advert. rent $590 $487.5
Time on Market 39.1 days 0.0 days
Gross Rental Yield Percent 3.97% 4.39%
demographics (median values)*
Total Population
25204
Weekly Household Income
2388
Household Size
3.10
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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