Giving property investors a an unimpressive capital gain of -6.07% for the last year, Deakin, 2600 is the 3227th highest performer in Australia in this respect.
Deakin,2600 has offered an average of -6.07% return per annum in house price rises to property investors over the last three years.
Advertised rents are around the $767.5 mark per week – giving a return of 3.33% based on the median price in Suburb
Property investors who have had real estate in Deakin, 2600 should be pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 34.19%
Deakin,2600 has offered an average of 34.19% return per annum in house price rises to property investors over the last three years.
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Median house price: $1,245,000
Three-year growth: 29.5%
Rental yield: 3.1%
Known as the location of the Australian Prime Minister’s home and of the Royal Australian Mint, Deakin is only a short distance from Parliament House.
This premium suburb has some of the most expensive houses in the ACT. However, demand seems undeterred, as price growth continues on. Rent rates are quite steep as well at over $700 a week – even then, investors don’t reap a significant profit at an average rental return of 3.1%.
The suburb was only fully built after World War 2, and contains many heritage sites. These include the Prime Minister’s Lodge, the Canberra Girls’ Grammar School Boarding House and the Deakin Anticline. Despite being primarily residential, Deakin also has a shopping centre situated on Hopetoun Circuit which has an IGA supermarket and restaurants. Alfred Deakin High School has been established here as well.