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 -4.21%
The five-year average increase in median property values for Garran,2605 has given property investors a potential capital gain of 24.66% across each of those five years.
In the last year 38 properties changed hands in Garran, which puts it as the 51th most active market in ACT when comparing the number of sales per suburb.
Using the current median advertised rental of $695 and the average annual increase in value of a median property of 5.70%, investors should hope to achieve an overall return of 3.97%
ACT has seen average median house prices change by 3.57% which means that Garran, 2605 has done well for property investors by showing a capital gain of -3.58% over the last year
Comparing Garran,2605 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Garran, 2605 is offering ACT ‘s 16th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this ACT.
Situated 7.57km from the CBD, Garran is one of Unincorporated ACT localities in the postcode 2605.