Braddon, 2612 ranked 50th in ACT when comparing growth in median property values or capital gain over the last 12 months. Braddon is one of 126 in our list for ACT
Braddon,2612 was ranked 1408 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.02% to buyers in Braddon at the moment, which is less than average for the rest of ACT.
Often selling an investment property can take time, and in Braddon the average time real estate has been on the market is 100.07 days.
Property investors should expect to get $422.5 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.