With a capital gain of 12.07% for the last 12 months, Casey, 2913 has performed for property investments than its average annual 8.44% property growth over the last 5 years.
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.
At number 39th 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.
At number 1527 in a list of fastest selling suburbs, Casey is just in the top half of suburbs in Australia with an average of days on market 69.37 for properties listed there.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 3.76%, without taking into account capital value appreciation, which has been averaging out at 8.44%.
Giving property investors a an unimpressive capital gain of -1.10% for the last year, Casey, 2913 is the 1205th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Casey,2913 has racked up an average of -1.10% over the period. This ranks it number 1078th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Casey are currently offering property investors an average price cut of -2.31% below the asking price at the moment.