Property investors who have had real estate in Scullin, 2614 should be relatively pleased 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 10.94%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Scullin has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Scullin should be aiming for at least -4.68% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $450 mark per week – giving a return of 4.31% based on the median price in Suburb
Investment property in Scullin has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.13%
While Scullin,2614 ranked number 6th in ACT for increase in median house value (annualised) increase, it is ranked 13th over the last 5 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 Scullin, 2614. Typically our figures indicate that -3.24% is being offered, which puts this ACT suburb at 1219th most discounted overall in Australia.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 3.27%, investors should hope to achieve an overall return of 4.94%