Giving property investors a an average capital gain of -3.33% for the last year, Flynn, 2615 is the 2362th highest performer in Australia in this respect.
Flynn,2615 has offered an average of -3.33% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Flynn should be aiming for at least -1.84% off the asking price, which is the average vendor discount being achieved at the moment.
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Canberra suburb has growth potential
Median house price: $605,000
Three-year growth: 13.9%
Rental yield: 4.7%
The suburb of Flynn provides residents with a great deal of open space to enjoy, with large properties on tree-lined streets. Many parks and gardens flourish here, making this a great suburb for the nature lover.
It is just 12km northwest of Canberra, and while Flynn does not have many amenities within its area, its central location near Belconnen means that residents can easily travel to the city for their needs. For instance, nearby Melba and Fraser offer schooling options and sports facilities.
House prices are high in line with Canberra’s overall market position. The suburb has maintained a 4.1% average annual growth rate, with the recent price increase of 4.3% over the December 2017-2018 period bringing the median value to over $600,000. Even then, the average discount rate is low at 3.8%.