Property value increases in Theodore have tracked close to the ACT average of 6.14% over the last 12 months.
While Theodore,2905 ranked number 5th in ACT for increase in median house value (annualised) increase, it is ranked 64th over the last 5 years.
Our latest figures would indicate that property sellers in Theodore are currently offering property investors an average price cut of -5.36% below the asking price at the moment.
Often selling an investment property can take time, and in Theodore the average time real estate has been on the market is 93 days.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 4.08%, investors should hope to achieve an overall return of 4.83%
Giving property investors a an average capital gain of 4.25% for the last year, Theodore, 2905 is the 839th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Theodore has increased when compared to the 5 year average annual rate.
Theodore, 2905 is offering ACT ‘s 41th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this ACT.
Residents and property investors in Theodore have been waiting around 64.2 days to sell a property.
Property investors should expect to get $385 weekly from the median priced house in this suburb.