Over the last year, property investments in Wanniassa, 2903 have given investors a capital gain of 1.11%. This compares very badly with the 7.20% for ACT as a whole.
Across a shorter period, Wanniassa, 2903 has seen a median price increase of 2.05% over the last quarter.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.89% offered to property buyers. Sellers in Wanniassa itself are offering an average vendor discount of -1.50% to real estate investors.
Residents and property investors in Wanniassa have been waiting around 57.89 days to sell a property.
With the median price for a house in Wanniassa being $548500 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 4.55%
Wanniassa, 2903 ranked 46th in ACT when comparing growth in median property values or capital gain over the last 12 months. Wanniassa is one of 126 in our list for ACT
If we look at median property appreciation over just the last three months, Wanniassa has given property investors a paper return of -2.98%. This puts Suburb as 56 on a list of fastest fasting appreciating suburbs in ACT
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.93%, investors should hope to achieve an overall return of 4.59%