ACT has seen average median house prices change by -0.95% which means that Belconnen, 2617 has not done well for property investors by showing a capital gain of -2.44% over the last year
If we look at median property appreciation over just the last three months, Belconnen has given property investors a paper return of -0.01%. This puts Suburb as 35 on a list of fastest fasting appreciating suburbs in ACT
Vendor discounting in Belconnen is giving property investors an average Vendor Discount of around -6.33%. This puts suburb at number 4th in ACT when ranking the most discounted suburbs.
On average over the past year, suburb has had 17.33 sales per month, which equates to 208 per year.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 3.74%, investors should hope to achieve an overall return of 4.94%