With a capital gain of 2.22% for the last 12 months, Deakin, 2600 has performed for property investments than its average annual 5.38% property growth over the last 5 years.
Deakin,2600 has offered an average of 2.22% return per annum in house price rises to property investors over the last three years.
On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.
Deakin is 84th on a list of best yielding suburbs for rents in ACT with a 3.23% return
If you compare the increase in value of investment property in Deakin, 2600 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 6.51%.
Over the longer term, Deakin has seen property prices show investors a -0.96% return over the last 3 years. This is an improvement over the last 12 months
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 HouseFull summary
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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.Close