Narrabundah has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 10.01% to date .
Narrabundah,2604 has offered an average of 10.01% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Narrabundah are currently offering property investors an average price cut of -1.43% below the asking price at the moment.
Over the last year, property investments in Narrabundah, 2604 have given investors a capital gain of -4.39%. This compares badly with the -1.57% for ACT as a whole.
The five-year average increase in median property values for Narrabundah,2604 has given property investors a potential capital gain of -2.25% across each of those five years.
The most recent median price for Narrabundah is $457000, with sellers offering an average of -3.43% off the asking price.
At number 1009 in a list of fastest selling suburbs, Narrabundah is in the bottom 40% of suburbs in Australia with an average of days on market 92.67 for properties listed there.
With the median price for a house in Narrabundah being $457000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.78%