Barton is 2nd on a list of best yielding suburbs for rents in ACT with a 5.67% return
If you compare the increase in value of investment property in Barton, 2600 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 18.93%.
Taking the average capital gain, or increase in median house value, Barton,2600 has racked up an average of 18.93% over the period. This ranks it number 74th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Barton are currently offering property investors an average price cut of -3.77% below the asking price at the moment.
Renters in Suburb are facing rents around $28600 per annum or $550 every week.
Apartments are seeing a steep drop in the suburb of Barton, with prices showing an almost-consistent drop since 2013Full summary
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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.Close