ACT has seen average median house prices change by 0.86% which means that Barton, 2600 has done well for property investors by showing a capital gain of -12.72% over the last year
Across a shorter period, Barton, 2600 has seen a median price increase of -2.45% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Barton, 2600. Typically our figures indicate that -4.46% is being offered, which puts this ACT suburb at 1055th most discounted overall in Australia.
Often selling an investment property can take time, and in Barton the average time real estate has been on the market is 80.36 days.
Barton, 2600’s gross rental yield is 5.96%
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