Property investors who have had real estate in Franklin, 2913 should be pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.58%
A 27.75% growth in median value for property investors in Franklin,2913 puts this suburb at number 16th in terms of best performing suburbs in ACT
Our latest figures would indicate that property sellers in Franklin are currently offering property investors an average price cut of -4.54% below the asking price at the moment.
Residents and property investors in Franklin have been waiting around 45.22 days to sell a property.
With the median price for a house in Franklin being $709000 and the advertised rent reaching $497.5 the gross rental yield for property investors calculates out to be 3.65%
Over the last year, property investments in Franklin, 2913 have given investors a capital gain of -4.03%. This compares badly with the 0.57% for ACT as a whole.
Across a shorter period, Franklin, 2913 has seen a median price increase of 0.60% over the last quarter.
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 -2.98% is being offered, which puts this ACT suburb at 1327th most discounted overall in Australia.
Situated 7.04km from the CBD, Franklin is one of Unincorporated ACT localities in the postcode 2913.
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