Investment property in Belconnen has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.13%
Taking the average capital gain, or increase in median house value, Belconnen,2617 has racked up an average of -8.13% over the period. This ranks it number 3580th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Belconnen is $367500, with sellers offering an average of -8.26% off the asking price.
Property investors should expect to get $425 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Belconnen, 2617 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -2.44%.
When looking at the potential capital gains offered to property investors over the last 3 years, Belconnen comes in at number 49th in ACT.
Vendor discounting in Belconnen is giving property investors an average Vendor Discount of around -3.69%. This puts suburb at number 25th in ACT when ranking the most discounted suburbs.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
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