ACT has seen average median house prices change by 7.58% which means that Narrabundah, 2604 has done well for property investors by showing a capital gain of 9.62% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Narrabundah has increased when compared to the 5 year average annual rate.
Narrabundah, 2604’s gross rental yield is 3.18%
Over the last year, property investments in Narrabundah, 2604 have given investors a capital gain of 14.44%. This compares very favourably with the 2.21% for ACT as a whole.
If we look at median property appreciation over just the last three months, Narrabundah has given property investors a paper return of 3.52%. This puts Suburb as 15 on a list of fastest fasting appreciating suburbs in ACT
The most recent median price for Narrabundah is $515000, with sellers offering an average of -3.93% off the asking price.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.54%, without taking into account capital value appreciation, which has been averaging out at 3.21%.