Property investors who have had real estate in City, 2601 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.97%
Taking the average capital gain, or increase in median house value, City,2601 has racked up an average of 5.97% over the period. This ranks it number 251th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in City are currently offering property investors an average price cut of -2.51% below the asking price at the moment.
In the last year 158 properties changed hands in City, which puts it as the 4th most active market in ACT when comparing the number of sales per suburb.