Over the last year, property investments in Deakin, 2600 have given investors a capital gain of 2.43%. This compares averagely with the 4.46% for ACT as a whole.
Taking the average capital gain, or increase in median house value, Deakin,2600 has racked up an average of 2.43% over the period. This ranks it number 917th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -6.22% to buyers in Deakin at the moment, which is less than average for the rest of ACT.
Situated 4.87km from the CBD, Deakin is one of Unincorporated ACT localities in the postcode 2600.
Over the last year, property investments in Deakin, 2600 have given investors a capital gain of 6.51%. This compares favourably with the 1.93% for ACT as a whole.
Deakin,2600 has offered an average of 6.51% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Deakin should be aiming for at least -4.96% off the asking price, which is the average vendor discount being achieved at the moment.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 4.35%, without taking into account capital value appreciation, which has been averaging out at 1.24%.
Known as the location of the Australian Prime Minister’s home and of the Royal Australian Mint, Deakin is only a short distance from Parliament HouseFull summary
Information supplied by:
Price tags go up further
Median house price: $1,245,000
Three-year growth: 29.5%
Rental yield: 3.1%
Known as the location of the Australian Prime Minister’s home and of the Royal Australian Mint, Deakin is only a short distance from Parliament House.
This premium suburb has some of the most expensive houses in the ACT. However, demand seems undeterred, as price growth continues on. Rent rates are quite steep as well at over $700 a week – even then, investors don’t reap a significant profit at an average rental return of 3.1%.
The suburb was only fully built after World War 2, and contains many heritage sites. These include the Prime Minister’s Lodge, the Canberra Girls’ Grammar School Boarding House and the Deakin Anticline. Despite being primarily residential, Deakin also has a shopping centre situated on Hopetoun Circuit which has an IGA supermarket and restaurants. Alfred Deakin High School has been established here as well.Close