Belconnen is in the TOP 10% in ACT when comparing median price capital growth over the last year. Belconnen gave property investors a very good capital gain figure when compared to the rest of the state, with 9.72%.
Comparing Belconnen,2617 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Belconnen2617 is located in ACT which offers an average discount of -4.11% to property investors. Belconnen itself is showing figures that indicate -3.29% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 13.92 sales per month, which equates to 167 per year.
Renters in Suburb are facing rents around $22360 per annum or $430 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.