Over the last year, property investments in Franklin, 2913 have given investors a capital gain of 10.40%. This compares favourably with the 5.15% for ACT as a whole.
Franklin,2913 has offered an average of 10.40% return per annum in house price rises to property investors over the last three years.
Franklin, 2913 is offering ACT ‘s 31th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this ACT.
Franklin, 2913’s gross rental yield is 3.77%
Investment property in Franklin 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 -7.00%
The five-year average increase in median property values for Franklin,2913 has given property investors a potential capital gain of -1.94% across each of those five years.
Sellers are offering property buyers an average discount of -2.98% to buyers in Franklin at the moment, which is less than average for the rest of ACT.
Franklin, 2913’s gross rental yield is 5.60%
At around 10km north of the Canberra CBD, Century 21 City Walk principal Brian NanCarrow Nancarrow rates the new suburb of Franklin for its convenient location.Full summary
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At around 10km north of the Canberra CBD, Century 21 City Walk principal Brian NanCarrow Nancarrow rates the new suburb of Franklin for its convenient location.
“Following the old rules of property as far as location goes, it’s well placed,” he says. “I think Franklin is a hotspot in Canberra because it’s close to the city, it’s a brand new suburb, there are apartments coming on there and the houses are quite good.”
He adds that there is a small industrial estate in the neighbouring suburb of Mitchell, which is on the way to the city, but Franklin’s desirable location has prevented any industrial-related stigma from taking hold and deterring buyers. As an indication of the high level of demand for Franklin’s properties, page visits for recently listed properties on realestate.com.au number in the hundreds.
Franklin’s property market is dominated by young families and upgraders and, being a suburb that was only established in 2007, its listings feature off the plan developments and new properties. Franklin is also one of a handful of Canberra suburbs whose properties have been installed with fibre optic connections well in advance of the national broadband network (NBN), making it home to what telecommunications provider TransACT calls “the next generation in communication services”.
The amenities of the Gungahlin Town Centre are a couple of kilometres north, past the Mulanggari Grasslands Nature Reserve, and the ACT government’s plan to move 500 public servants to a new office block in Gungahlin indicates the territory’s plans to support employment in the area.
Census data put the percentage of renters in the Franklin post code area at 26% in 2006, with mortgage holders making up 54% of the population and unencumbered owner-occupiers making up 20% of residents.