At number 1205th in the list of Australian suburbs ordered by increase in median house value over the last year, Belconnen, 2617 is in the top 30% with a property value increase of 4.17% recorded in median house prices.
Belconnen,2617 has offered an average of 4.17% return per annum in house price rises to property investors over the last three years.
In the last year 17 properties changed hands in Belconnen, which puts it as the 86th most active market in ACT when comparing the number of sales per suburb.
A $405 per week rent on the median house gives suburb investors a gross yield of circa 5.27%, without taking into account capital value appreciation, which has been averaging out at -1.62%.
With a capital gain of 0.00% for the last 12 months, Belconnen, 2617 has performed for property investments than its average annual 1.11% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Belconnen comes in at number 36th in ACT.
LACK OF BUYER INTEREST may well be the reason that Belconnen is offering property investors an average of -3.95. This rate of discount on properties puts Suburb at number 9th in terms of most discounted suburbs in ACT
Renters in Suburb are facing rents around $21580 per annum or $415 every week.
Information supplied by:
Occupancies increase in regional centre
Median unit price: $402,250
Vacancy rate: 1.8% (from 3.1%)
Three-year growth: -0.9%
With the ACT’s continued rise in the national market, Belconnen has seen the average vacancy rate fall sharply from 3.1% to just 1.8%.
Units are reasonably priced at a median of $402,250 – the suburb has only recently started seeing some growth again following a slight stumble in the past three years. Returns for investors are quite high at 5.2%, making it an attractive option given the suburb’s favourable location.
The suburb of Belconnen is a major centre for the Belconnen district, and is the site of many of the area’s top amenities, such as the Belconnen Town Centre and Lake Ginniderra. The former houses Westfield Belconnen, as well as several government offices. Lake Ginniderra College is situated on the south-eastern shore of the lake.