Property investors who have had real estate in Garran, 2605 should be relatively unhappy 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 1.87%
Garran,2605 was ranked 2023 in Australia by increase in median property value over the quarter.
Using the current median advertised rental of $625 and the average annual increase in value of a median property of 5.29%, investors should hope to achieve an overall return of 3.40%
With a capital gain of -2.44% for the last 12 months, Garran, 2605 has performed for property investments than its average annual 3.78% property growth over the last 5 years.
Across a shorter period, Garran, 2605 has seen a median price increase of -2.44% over the last quarter.
The most recent median price for Garran is $559000, with sellers offering an average of -2.84% off the asking price.
In the last year 26 properties changed hands in Garran, which puts it as the 40th most active market in ACT when comparing the number of sales per suburb.