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1 MIN READACT 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...
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HarringtonHarrington - SUBURB PROFILE REPORT
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HARRINGTON, 2427 ranks 1353rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.94% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $618,500.
The upward trend in home prices in HARRINGTON, 2427 averaged 4.5% per annum over a 3-year period.
Average weekly rents on listings have reached the $490 mark, reflecting a 4.12% increase in returns based on the current median price in HARRINGTON.
An average of 10.5 real estate transactions take place per month in HARRINGTON which translates to 126 per annum.
126 properties were sold in HARRINGTON in 2016, making it the 1337th most active market in NSW based on total real estate transactions.
HARRINGTON, 2427 places 327th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $618,500 | $415,000 |
| GROWTH REPORT | ||
| Median Quarterly | 8.89% | 4.4% |
| Median 12 month | 18.94% | N/A |
| Median 3 years | 13.49% | 33.87% |
| Median 5 years | 47.26% | 43.1% |
| 10 years average annual | 6.57% | 6.3% |
| Weekly media advert. rent | $490 | $340 |
| Time on Market | 79.9 days | 74.5 days |
| Gross Rental Yield Percent | 4.12% | 4.26% |
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