Over the last year, property investments in Garran, 2605 have given investors a capital gain of -5.29%. This compares very badly with the 5.72% for ACT as a whole.
Over the longer term, Garran has seen property prices show investors a 19.33% return over the last 3 years. This is worse than over the last 12 months
Garran is 49th on a list of best yielding suburbs for rents in ACT with a 3.88% return
ACT has seen average median house prices change by -1.01% which means that Garran, 2605 has not done well for property investors by showing a capital gain of -3.58% over the last year
Across a shorter period, Garran, 2605 has seen a median price increase of -2.21% over the last quarter.
Property investors looking for a bargain in Garran should be aiming for at least -2.69% off the asking price, which is the average vendor discount being achieved at the moment.
At number 866 in a list of fastest selling suburbs, Garran is just in the bottom half of suburbs in Australia with an average of days on market 83.04 for properties listed there.
Renters in Suburb are facing rents around $6150 per annum or $512.5 every week.