Property investors who have had real estate in Florey, 2615 should be relatively unhappy 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 1.27%
While Florey,2615 ranked number 27th in ACT for increase in median house value (annualised) increase, it is ranked 79th over the last 5 years.
Property investors looking for a bargain in Florey should be aiming for at least -2.71% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $510 weekly from the median priced house in this suburb.
Investment property in Florey has done 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 -4.82%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Florey has increased when compared to the 5 year average annual rate.
Vendor discounting in Florey is giving property investors an average Vendor Discount of around -5.99%. This puts suburb at number 7th in ACT when ranking the most discounted suburbs.
Advertised rents are around the $420 mark per week – giving a return of 5.26% based on the median price in Suburb