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 10.31%.
Over the longer term, Latham has seen property prices show investors a 15.05% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Latham is giving property investors an average Vendor Discount of around -6.67%. This puts suburb at number 10th in ACT when ranking the most discounted suburbs.
Residents and property investors in Latham have been waiting around 57.88 days to sell a property.
With the median price for a house in Latham being $535000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.37%
Latham has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 8.28% to date .
Comparing Latham,2615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -7.90% to buyers in Latham at the moment, which is less than average for the rest of ACT.
Often selling an investment property can take time, and in Latham the average time real estate has been on the market is 103.1 days.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 3.50%, investors should hope to achieve an overall return of 4.81%