Over the last year, property investments in Latham, 2615 have given investors a capital gain of 1.84%. This compares badly with the 6.14% for ACT as a whole.
While Latham,2615 ranked number 31th in ACT for increase in median house value (annualised) increase, it is ranked 47th 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 -4.16% offered to property buyers. Sellers in Latham itself are offering an average vendor discount of -3.40% to real estate investors.
On average over the past year, suburb has had 3.92 sales per month, which equates to 47 per year.
With the median price for a house in Latham being $485000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.29%
If you compare the increase in value of investment property in Latham, 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 -6.91%.
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.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 3.28%.