ACT Reports Progress Of ‘Better Suburbs’
The ACT government has delivered an update on its “Better Suburbs” plan, detailing the headway that has been made to...
CARNES HILL, 2171 ranks 484th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 28.79% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $850,000.
The downward trend in home prices in CARNES HILL, 2171 averaged -1.5% per annum over a 3-year period.
Average weekly rents on listings have reached the $620 mark, reflecting a 3.79% increase in returns based on the current median price in CARNES HILL.
An average of 3.83 real estate transactions take place per month in CARNES HILL which translates to 46 per annum.
46 properties were sold in CARNES HILL in 2016, making it the 444th most active market in NSW based on total real estate transactions.
CARNES HILL, 2171 places 1165th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||28.79%||N/A|
|Median 3 years||-4.49%||N/A|
|Median 5 years||8.28%||N/A|
|10 years average annual||5.92%||N/A|
|Weekly media advert. rent||$620||N/A|
|Time on Market||58.1 days||N/A|
|Gross Rental Yield Percent||3.79%||N/A|