Mckellar is in the bottom 10% in ACT when comparing median price capital growth over the last year. Mckellar gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.43%.
While Mckellar,2617 ranked number 84th in ACT for increase in median house value (annualised) increase, it is ranked 80th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Mckellar is offering property investors an average of -4.22. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in ACT
Often selling an investment property can take time, and in Mckellar the average time real estate has been on the market is 77.4 days.
Advertised rents are around the $540 mark per week – giving a return of 4.37% based on the median price in Suburb