Over the last year, property investments in Franklin, 2913 have given investors a capital gain of 3.76%. This compares badly with the 7.20% for ACT as a whole.
While Franklin,2913 ranked number 68th in ACT for increase in median house value (annualised) increase, it is ranked 17th over the last 5 years.
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 -3.21% is being offered, which puts this ACT suburb at 3428th 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 38.83 days.
Using the current median advertised rental of $495 and the average annual increase in value of a median property of 5.79%, investors should hope to achieve an overall return of 3.73%
Property investors who have had real estate in Franklin, 2913 should be 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 -5.89%
The five-year average increase in median property values for Franklin,2913 has given property investors a potential capital gain of 0.55% across each of those five years.
Property investors looking for a bargain in Franklin should be aiming for at least -2.84% off the asking price, which is the average vendor discount being achieved at the moment.
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
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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