Turner has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -6.17% to date .
While Turner,2612 ranked number 76th in ACT for increase in median house value (annualised) increase, it is ranked 11th over the last 5 years.
Situated 1.16km from the CBD, Turner is one of Unincorporated ACT localities in the postcode 2612.
Property value increases in Turner have tracked just lower than the ACT average of -0.94% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Turner has increased when compared to the 5 year average annual rate.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.08% offered to property buyers. Sellers in Turner itself are offering an average vendor discount of -2.54% to real estate investors.
Advertised rents are around the $440 mark per week – giving a return of 5.08% based on the median price in Suburb