ACT has seen average median house prices change by 6.75% which means that Franklin, 2913 has done well for property investors by showing a capital gain of 5.46% over the last year
Comparing Franklin,2913 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Franklin should be aiming for at least -4.28% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Franklin have been waiting around 36.17 days to sell a property.
The ACT suburb of Franklin, 2913 is in the Unincorporated ACT local government area.
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 -6.93%
Franklin,2913 has offered an average of -6.93% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Franklin 2913 should be seeing an average reduction in asking price of around -3.32% . This means that Franklin is holding prices well when compared to other suburbs in ACT.
On average over the past year, suburb has had 5.42 sales per month, which equates to 65 per year.
Renters in Suburb are facing rents around $4590 per annum or $382.5 every week.
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