Turner has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 13.33% to date .
Turner,2612 has offered an average of 13.33% return per annum in house price rises to property investors over the last three years.
Advertised rents are around the $500 mark per week – giving a return of 2.00% based on the median price in Suburb
Turner is in the bottom 40% in ACT when comparing median price capital growth over the last year. Turner gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.66%.
Turner,2612 has offered an average of -4.66% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Turner should be aiming for at least -4.53% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Turner being $460000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.86%