‘Stable’ population growth to bolster building activity
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
The suburb’s capital gain of 6.25% for the past year is higher than average compared to its 0% growth within a five-year period.
Also in ACTON, the median home price is sitting at $170,000, and the average rent at $260, this suggests property owners could potentially earn a 7.95% increase in gross rental yield.
Property investors have seen a -2.86% drop in ACTON 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 0.21% growth over a ten-year period. It ranks 3865th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $170,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.86% | N/A |
| Median 12 month | 6.25% | N/A |
| Median 3 years | 6.25% | N/A |
| Median 5 years | 0% | N/A |
| 10 years average annual | 0.21% | N/A |
| Weekly media advert. rent | $260 | N/A |
| Time on Market | 110.2 days | N/A |
| Gross Rental Yield Percent | 7.95% | N/A |
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