Property value increases in Casey have tracked close to the ACT average of 6.14% over the last 12 months.
Casey,2913 was ranked 1862 in Australia by increase in median property value over the quarter.
At number 38th of ACT’s most discounted properties, Casey is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Casey the average time real estate has been on the market is 76.57 days.
Investment property in Casey has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.26%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Casey has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 3.84%, investors should hope to achieve an overall return of 4.76%