ACT has seen average median house prices change by 5.15% which means that Florey, 2615 has done well for property investors by showing a capital gain of -2.18% over the last year
While Florey,2615 ranked number 71th in ACT for increase in median house value (annualised) increase, it is ranked 78th over the last 5 years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Florey itself are offering an average vendor discount of -2.73% to real estate investors.
In the last year 31 properties changed hands in Florey, which puts it as the 62th most active market in ACT when comparing the number of sales per suburb.
Situated 9.12km from the CBD, Florey is one of Unincorporated ACT localities in the postcode 2615.
If you compare the increase in value of investment property in Florey, 2615 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -5.67%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Florey has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Florey should be aiming for at least -5.99% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $420 weekly from the median priced house in this suburb.