Investment property in Waramanga has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.65%
Across a shorter period, Waramanga, 2611 has seen a median price increase of 7.12% over the last quarter.
With the median price for a house in Waramanga being $677000 and the advertised rent reaching $510 the gross rental yield for property investors calculates out to be 3.92%
Established in the 1960s and named after the Warumungu people, an Aboriginal tribe in Central Australia, this suburb is home to a relatively small population of around 2,700Full summary
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Affordable suburb enhanced by state growth
Median house price: $669,000
Stock on market: 0.0%
12-month growth: 17.3%
Established in the 1960s and named after the Warumungu people, an Aboriginal tribe in Central Australia, this suburb is home to a relatively small population of around 2,700.
Waramanga is one of the more affordable suburbs in the ACT, with a median house price of $677,000, after growth of 18.8% over the last 12 months. Situated 15 minutes’ drive from Canberra, the suburb is close to popular attractions such as the Royal Australian Mint, the National Zoo and Aquarium, the Museum of Australia and the National Library.
Surrounded by numerous nature reserves, such as Cooleman Ridge, Mount Taylor and Oakley Hill, as well as plenty of schools, colleges, churches, a hospital, a medical centre and a popular shopping mall, Waramanga is popular with families, and for those looking to rent, houses are more sought after than apartments.Close