At number 41th in the list of Australian suburbs ordered by increase in median house value over the last year, Turner, 2612 is in the top 10% with a property value increase of 36.84% recorded in median house prices.
A $525 per week rent on the median house gives suburb investors a gross yield of circa 2.10%, without taking into account capital value appreciation, which has been averaging out at 7.65%.
Turner has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -4.12% to date .
A -3.13% growth in median value for property investors in Turner,2612 puts this suburb at number 49th in terms of best performing suburbs in ACT
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 -4.85% is being offered, which puts this ACT suburb at 763th most discounted overall in Australia.
Using the current median advertised rental of $435 and the average annual increase in value of a median property of 3.10%, investors should hope to achieve an overall return of 4.86%