With a capital gain of 21.09% for the last 12 months, Waramanga, 2611 has performed for property investments than its average annual 5.44% property growth over the last 5 years.
Over the longer term, Waramanga has seen property prices show investors a 29.90% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Waramanga is offering property investors an average of -4.22. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in ACT
At number 662 in a list of fastest selling suburbs, Waramanga is in the TOP 20% of suburbs in Australia with an average of days on market 53.94 for properties listed there.
With the median price for a house in Waramanga being $669000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.73%
Over the last year, property investments in Waramanga, 2611 have given investors a capital gain of 11.58%. This compares very favourably with the 0.57% for ACT as a whole.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.15%, investors should hope to achieve an overall return of 5.20%