Investment property in Garran has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.91%
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.
At number 525 in a list of fastest selling suburbs, Garran is in the TOP 20% of suburbs in Australia with an average of days on market 45.16 for properties listed there.
With the median price for a house in Garran being $920000 and the advertised rent reaching $717.5 the gross rental yield for property investors calculates out to be 4.06%
At number 1290th in the list of Australian suburbs ordered by increase in median house value over the last year, Garran, 2605 is in the BOTTOM 30% with a property value increase of -2.63% recorded in median house prices.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.06% offered to property buyers. Sellers in Garran itself are offering an average vendor discount of -3.98% to real estate investors.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
With the median price for a house in Garran being $555000 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 4.97%