ACT has seen average median house prices change by 6.73% which means that Theodore, 2905 has done well for property investors by showing a capital gain of 18.94% over the last year
A 24.50% growth in median value for property investors in Theodore,2905 puts this suburb at number 2nd in terms of best performing suburbs in ACT
Property investors looking for a bargain in Theodore should be aiming for at least -3.75% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1364 in a list of fastest selling suburbs, Theodore is in the TOP 40% of suburbs in Australia with an average of days on market 67.64 for properties listed there.
A $435 per week rent on the median house gives suburb investors a gross yield of circa 4.05%, without taking into account capital value appreciation, which has been averaging out at 5.14%.
Property investors who have had real estate in Theodore, 2905 should be ok with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.88%
When looking at the potential capital gains offered to property investors over the last 3 years, Theodore comes in at number 26th in ACT.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.21% offered to property buyers. Sellers in Theodore itself are offering an average vendor discount of -3.05% to real estate investors.
Often selling an investment property can take time, and in Theodore the average time real estate has been on the market is 48.78 days.
Advertised rents are around the $390 mark per week – giving a return of 5.14% based on the median price in Suburb