At number 1465th in the list of Australian suburbs ordered by increase in median house value over the last year, Belconnen, 2617 is in the BOTTOM 20% with a property value increase of -6.35% recorded in median house prices.
Over the longer term, Belconnen has seen property prices show investors a -8.33% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Belconnen 2617 should be seeing an average reduction in asking price of around -3.32% . This means that Belconnen is holding prices well when compared to other suburbs in ACT.
With the median price for a house in Belconnen being $389500 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 5.34%
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%Full summary
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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.Close