If you compare the increase in value of investment property in Braddon, 2612 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was 1.14%.
Across a shorter period, Braddon, 2612 has seen a median price increase of 1.42% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Braddon is offering property investors an average of -4.09. This rate of discount on properties puts Suburb at number 12th in terms of most discounted suburbs in ACT
With the median price for a house in Braddon being $445000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.26%
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.