Barton is in the TOP 10% in ACT when comparing median price capital growth over the last year. Barton gave property investors a very good capital gain figure when compared to the rest of the state, with 17.98%.
Barton,2600 has offered an average of 17.98% return per annum in house price rises to property investors over the last three years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.82% offered to property buyers. Sellers in Barton itself are offering an average vendor discount of -8.55% to real estate investors.
Apartments are seeing a steep drop in the suburb of Barton, with prices showing an almost-consistent drop since 2013Full summary
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Units face a steep drop
Median unit price: $492,000
Three-year growth: 6.7%
Rental yield: 5.8%
Apartments are seeing a steep drop in the suburb of Barton, with prices showing an almost-consistent drop since 2013.
The unit market reported negative growth of 10.7% in the 12 months to August 2018 – the biggest drop in the last five years. This has caused the median price to fall below $500,000. The rental market has faltered as well, with the average rental vacancy rate rising from 8% to 8.5% in the same period. The weekly rent rate comes in at $550 on average.
The suburb mainly contains government buildings and national institutions, drawing working professionals in the political sector. It is also home to theological education institute St Mark’s National Theological Centre, a branch of the School of Theology at Charles Sturt University, and to the Australian Centre for Christianity and Culture. Secular schools include Telopea Park School and Narrabundah College.Close