With a capital gain of -6.15% for the last 12 months, Barton, 2600 has performed for property investments than its average annual 0.68% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Barton has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Barton are currently offering property investors an average price cut of -2.60% below the asking price at the moment.
Residents and property investors in Barton have been waiting around 82.2069 days to sell a property.
Barton, 2600’s gross rental yield is 5.86%
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Units face a steep drop
Median unit price: $492,000
Three-year growth: 6.7%
Rental yield: 5.8%
Apartments are seeing a steep drop in the suburb of Barton, with prices showing an almost-consistent drop since 2013.
The unit market reported negative growth of 10.7% in the 12 months to August 2018 – the biggest drop in the last five years. This has caused the median price to fall below $500,000. The rental market has faltered as well, with the average rental vacancy rate rising from 8% to 8.5% in the same period. The weekly rent rate comes in at $550 on average.
The suburb mainly contains government buildings and national institutions, drawing working professionals in the political sector. It is also home to theological education institute St Mark’s National Theological Centre, a branch of the School of Theology at Charles Sturt University, and to the Australian Centre for Christianity and Culture. Secular schools include Telopea Park School and Narrabundah College.