Property value increases in Evatt have tracked higher than the ACT average of 5.15% over the last 12 months.
If we look at median property appreciation over just the last three months, Evatt has given property investors a paper return of -1.44%. This puts Suburb as 69 on a list of fastest fasting appreciating suburbs in ACT
Our latest figures would indicate that property sellers in Evatt are currently offering property investors an average price cut of -3.16% below the asking price at the moment.
In the last year 65 properties changed hands in Evatt, which puts it as the 16th most active market in ACT when comparing the number of sales per suburb.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 4.98%, investors should hope to achieve an overall return of 4.28%
Giving property investors a an unimpressive capital gain of -0.92% for the last year, Evatt, 2617 is the 1170th highest performer in Australia in this respect.
Across a shorter period, Evatt, 2617 has seen a median price increase of -0.92% over the last quarter.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.