Property investors who have had real estate in Turner, 2612 should be ok with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.52%
Over the longer term, Turner has seen property prices show investors a 32.95% return over the last 3 years. This is worse than over the last 12 months
Property value increases in Turner have tracked just lower than the ACT average of -1.57% over the last 12 months.
The five-year average increase in median property values for Turner,2612 has given property investors a potential capital gain of -7.87% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Turner, 2612. Typically our figures indicate that -3.75% is being offered, which puts this ACT suburb at 1167th most discounted overall in Australia.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 5.32%, without taking into account capital value appreciation, which has been averaging out at 1.75%.