At number 2795th in the list of Australian suburbs ordered by increase in median house value over the last year, Latham, 2615 is in the BOTTOM 40% with a property value increase of 0.62% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Latham comes in at number 73th in ACT.
LACK OF BUYER INTEREST may well be the reason that Latham is offering property investors an average of -4.11. This rate of discount on properties puts Suburb at number 11th in terms of most discounted suburbs in ACT
Situated 10.91km from the CBD, Latham is one of Unincorporated ACT localities in the postcode 2615.
If you compare the increase in value of investment property in Latham, 2615 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 8.33%.
In the last year 13 properties changed hands in Latham, which puts it as the 63th most active market in ACT when comparing the number of sales per suburb.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 5.19%, investors should hope to achieve an overall return of 4.93%