Investment property in Evatt has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.52%
The five-year average increase in median property values for Evatt,2617 has given property investors a potential capital gain of 19.75% across each of those five years.
Property buyers and investors in Evatt 2617 should be seeing an average reduction in asking price of around -7.57% . This means that Evatt is holding prices well when compared to other suburbs in ACT.
Situated 9.16km from the CBD, Evatt is one of Unincorporated ACT localities in the postcode 2617.
Investment property in Evatt has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.96%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Evatt has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Evatt, 2617. Typically our figures indicate that -2.63% is being offered, which puts this ACT suburb at 1330th most discounted overall in Australia.
With the median price for a house in Evatt being $415500 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 5.38%
Situated roughly 20-minutes’ drive from the capital of Canberra is the suburb of Evatt, whose houses have become quite popular over the decade.Full summary
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Situated roughly 20-minutes’ drive from the capital of Canberra is the suburb of Evatt, whose houses have become quite popular over the decade.
Prices peaked at nearly $570,000 over the past 12 months, following 12.6% growth. While the unit market has been declining slightly over a five-year period, rental yields are high at 5%.
The suburb’s central location in the Belconnen supports its growth, since the region has been experiencing a rise. Evatt provides many conveniences and amenities, such as ovals and primary schools, and neighbouring suburbs like Melba and Spence are home to secondary schools, sports facilities and shopping centres. Bus services to the city are also offered.