Property investors who have had real estate in Flynn, 2615 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.31%
The five-year average increase in median property values for Flynn,2615 has given property investors a potential capital gain of 25.00% across each of those five years.
Flynn, 2615 is offering ACT ‘s 7th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this ACT.
Flynn, 2615’s gross rental yield is 4.73%
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 loverFull summary
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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%.Close