At number 2036th in the list of Australian suburbs ordered by increase in median house value over the last year, Garran, 2605 is in the top half with a property value increase of 5.52% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Garran,2605 has racked up an average of 5.52% over the period. This ranks it number 1293th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $630 and the average annual increase in value of a median property of 4.61%, investors should hope to achieve an overall return of 3.43%
Giving property investors a an unimpressive capital gain of -0.52% for the last year, Garran, 2605 is the 1187th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Garran has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -3.87% to buyers in Garran at the moment, which is less than average for the rest of ACT.
Garran, 2605’s gross rental yield is 4.56%