Property value increases in Belconnen have tracked lower than the ACT average of 4.34% over the last 12 months.
Across a shorter period, Belconnen, 2617 has seen a median price increase of -6.83% over the last quarter.
Situated 6.66km from the CBD, Belconnen is one of Unincorporated ACT localities in the postcode 2617.
With a capital gain of -2.56% for the last 12 months, Belconnen, 2617 has performed for property investments than its average annual 1.08% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Belconnen has given property investors a paper return of 6.67%. This puts Suburb as 7 on a list of fastest fasting appreciating suburbs in ACT
LACK OF BUYER INTEREST may well be the reason that Belconnen is offering property investors an average of -3.78. This rate of discount on properties puts Suburb at number 9th in terms of most discounted suburbs in ACT
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.