Property value increases in Waramanga have tracked lower than the ACT average of 8.25% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Waramanga has increased when compared to the 5 year average annual rate.
Waramanga, 2611 is offering ACT ‘s 23th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this ACT.
At number 1515 in a list of fastest selling suburbs, Waramanga is in the TOP 40% of suburbs in Australia with an average of days on market 63.61 for properties listed there.
Advertised rents are around the $510 mark per week – giving a return of 4.05% based on the median price in Suburb
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