Property value increases in Bonython have tracked close to the ACT average of 3.59% over the last 12 months.
If we look at median property appreciation over just the last three months, Bonython has given property investors a paper return of -5.24%. This puts Suburb as 86 on a list of fastest fasting appreciating suburbs in ACT
Bonython, 2905 ranked 8th in ACT when comparing growth in median property values or capital gain over the last 12 months. Bonython is one of 126 in our list for ACT
The five-year average increase in median property values for Bonython,2905 has given property investors a potential capital gain of 18.13% across each of those five years.
Often selling an investment property can take time, and in Bonython the average time real estate has been on the market is 55.35 days.
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Dorm suburb pulls in working professionals
Median unit price: $466,000
Three-year growth: 12.6%
Rental yield: 4.8%
Bordering Mount Stranger, the suburb of Bonython in Tuggeranong has been enjoying gentle but steady growth over the past five years. Following a 2.4% increase in prices in the year leading up to November 2017, the median unit value has gone up to $466,000.
Returns for investors are fairly high at an average of 4.8%, and given Bonython’s potential for long-term growth, this could definitely draw attention from those looking to capitalise on the ACT’s rise.
Bonython Primary School is located in the heart of the suburb, and there is a childcare centre nearby. Bonython is also very close to the Tuggeranong Town Centre, which brings in many of the working population in this town. The town centre also serves as Bonython’s main commercial and retail hub.