ACT has seen average median house prices change by 7.58% which means that Franklin, 2913 has done well for property investors by showing a capital gain of 9.15% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Franklin comes in at number 22th in ACT.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Franklin, 2913. Typically our figures indicate that -1.87% is being offered, which puts this ACT suburb at 3687th most discounted overall in Australia.
Often selling an investment property can take time, and in Franklin the average time real estate has been on the market is 41.66 days.
Using the current median advertised rental of $535 and the average annual increase in value of a median property of 4.51%, investors should hope to achieve an overall return of 3.92%
Property investors who have had real estate in Franklin, 2913 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.94%
A 1.28% growth in median value for property investors in Franklin,2913 puts this suburb at number 50th in terms of best performing suburbs in ACT
LACK OF BUYER INTEREST may well be the reason that Franklin is offering property investors an average of -4.10. This rate of discount on properties puts Suburb at number 35th in terms of most discounted suburbs in ACT
The fairly new suburb of Franklin is one of those benefiting from Gungahlin’s development. This suburb recorded a jump of almost 7% in two-bedroom unit prices over the past 12 months, but it remains a reasonably priced area to invest in.Full summary
Information supplied by:
Median unit price: $359,500
Rental yield: 5.71%
The fairly new suburb of Franklin is one of those benefiting from Gungahlin’s development. This suburb recorded a jump of almost 7% in two-bedroom unit prices over the past 12 months, but it remains a reasonably priced area to invest in.
The rental market has followed by increasing rents at almost the same rate. In the process, investors can gain a significant average return of 5.7%. Although Franklin’s townhouse market did not report rises in rent rate, landlords can still earn a 5.3% yield.
The suburb is home to parklands, and it encourages a nature-filled, active lifestyle through pedestrian and cyclist trails. There are several schools at various education levels as well. For other amenities, Franklin is only 15 minutes away from Canberra by car and roughly half an hour by bus. The Marketplace at Gungahlin is minutes away and houses many shops and restaurants.Close