Property investments in AMAROO fare well against the rest of the country last year, registering a median home price increase of 8.37%.
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 $555 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 57.7 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 $680,000.
AMAROO ranks 29th on the list of best yielding suburbs for rental properties in ACT, posting a 4.24% return.
AMAROO, 2914 ranks 46th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 29.45% for property investors last year.
Besides that, the Australian suburb also delivered a weaker 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 5.56% per annum over a 3-year period.
Average weekly rents on listings have reached the $480 mark, reflecting a 5.28% increase in returns based on the current median price in AMAROO.
An average of 1.83 real estate transactions take place per month in AMAROO which translates to 22 per annum.
22 properties were sold in AMAROO during the past year, making it the 42nd most active market in ACT based on total real estate transactions.
AMAROO, 2914 places 7th in Australia based on median property value growth during the quarter.
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