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 -6.01% for the past year is lower than average compared to its 36.22% growth within a five-year period.
Also in BLACKBURN, the median home price is sitting at $1,260,000, and the average rent at $495, this suggests property owners could potentially earn a 2.04% increase in gross rental yield.
Property investors have seen a 7.69% gain in BLACKBURN based on an increase 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 7.66% growth over a ten-year period. It ranks 319th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,260,000 | $687,500 |
| GROWTH REPORT | ||
| Median Quarterly | 7.69% | -0.8% |
| Median 12 month | -6.01% | -1.17% |
| Median 3 years | 4.02% | 8.27% |
| Median 5 years | 36.22% | 31.89% |
| 10 years average annual | 7.66% | 4.28% |
| Weekly media advert. rent | $495 | $420 |
| Time on Market | 55.8 days | 70.9 days |
| Gross Rental Yield Percent | 2.04% | 3.18% |
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