With the median price for a house in Braddon being $1174440 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 2.44%
Property investors who have had real estate in Braddon, 2612 should be unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.90%
A 0.00% growth in median value for property investors in Braddon,2612 puts this suburb at number 49th in terms of best performing suburbs in ACT
The most recent median price for Braddon is $427000, with sellers offering an average of -4.93% off the asking price.
In the last year 230 properties changed hands in Braddon, which puts it as the 1st most active market in ACT when comparing the number of sales per suburb.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 2.94%, investors should hope to achieve an overall return of 5.24%
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.