Over the last year, property investments in Braddon, 2612 have given investors a capital gain of -5.12%. This compares badly with the -0.70% for ACT as a whole.
Taking the average capital gain, or increase in median house value, Braddon,2612 has racked up an average of -5.12% over the period. This ranks it number 1454th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Braddon is offering property investors an average of -4.07. This rate of discount on properties puts Suburb at number 8th in terms of most discounted suburbs in ACT
Property investors should expect to get $425 weekly from the median priced house in this suburb.
The Braddon unit market is worth checking out thanks to its level of affordability. Its median unit price may not be the cheapest in the country, but it compares extremely well with neighbouring Turner, and particularly Ainslie. Full summary
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The Braddon unit market is worth checking out thanks to its level of affordability. Its median unit price may not be the cheapest in the country, but it compares extremely well with neighbouring Turner, and particularly Ainslie.
Sitting right on top of Limestone and Northbourne Avenues, it’s certainly an accessible inner-northern suburb that’s characterised by long streets heading north to south towards London Circuit and Vernon Circle. Most of the suburb’s shops and amenities can be found south of Haig Park on Mort and Lonsdale Streets, as well as a few office blocks.
Looking at the listings for Braddon, offerings range from investment-only studios for around the $130,000-mark up to fully renovated three-bedroom apartments for closer to $600,000. With the sprawling Australian National University being just a stone’s throw away, your choice of property will most likely need to appeal to either the student or young professional market.
Renters made up half of the suburb’s population at last count in 2006, and the area’s vacancy rate has consistently been below 2% over the past five years, according to SQM Research. Looking at the ABS statistics for the Braddon SLA, if its population growth rate of 9.1% over four years is anything to go by, Braddon’s rental market should remain strong for some time.