At number 3202th in the list of Australian suburbs ordered by increase in median house value over the last year, Deakin, 2600 is in the BOTTOM 30% with a property value increase of -6.07% recorded in median house prices.
A 39.53% growth in median value for property investors in Deakin,2600 puts this suburb at number 85th in terms of best performing suburbs in ACT
Residents and property investors in Deakin have been waiting around 66.5556 days to sell a property.
Renters in Suburb are facing rents around $39910 per annum or $767.5 every week.
Deakin has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 34.19% to date .
Taking the average capital gain, or increase in median house value, Deakin,2600 has racked up an average of 34.19% over the period. This ranks it number 1151th in the whole country for real estate investors looking at median house price increases.
Advertised rents are around the $660 mark per week – giving a return of 4.37% based on the median price in Suburb
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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.