At number 935th in the list of Australian suburbs ordered by increase in median house value over the last year, Barton, 2600 is in the BOTTOM 40% with a property value increase of -4.60% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Barton,2600 has racked up an average of -4.60% over the period. This ranks it number 554th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Barton should be aiming for at least -3.06% off the asking price, which is the average vendor discount being achieved at the moment.
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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.