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 10.94%.
Latham,2615 was ranked 262 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.60% to buyers in Latham at the moment, which is less than average for the rest of ACT.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.11%, investors should hope to achieve an overall return of 4.30%
At number 604th in the list of Australian suburbs ordered by increase in median house value over the last year, Latham, 2615 is in the top 40% with a property value increase of 6.37% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Latham has increased when compared to the 5 year average annual rate.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 6.43%, investors should hope to achieve an overall return of 4.80%