The case for Canberra’s office market
No longer just a public service bubble, Canberra has seen an increase in private sector activity in recent years, bringing with it a raft of...
The suburb’s capital gain of -2.69% for the past year is lower than average compared to its 2.85% growth within a five-year period.
Also in RACEVIEW, the median home price is sitting at $316,250, and the average rent at $340, this suggests property owners could potentially earn a 5.59% increase in gross rental yield.
Property investors have seen a -2.69% drop in RACEVIEW based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 0.09% growth over a ten-year period. It ranks 3729th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $316,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.69% | N/A |
| Median 12 month | -2.69% | N/A |
| Median 3 years | 0.4% | N/A |
| Median 5 years | 2.85% | N/A |
| 10 years average annual | 0.09% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 72.5 days | N/A |
| Gross Rental Yield Percent | 5.59% | N/A |
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