At number 1750th in the list of Australian suburbs ordered by increase in median house value over the last year, Deakin, 2600 is in the top half with a property value increase of 0.48% recorded in median house prices.
Deakin,2600 has offered an average of 0.48% return per annum in house price rises to property investors over the last three years.
With the median price for a house in Deakin being $1251000 and the advertised rent reaching $800 the gross rental yield for property investors calculates out to be 3.33%
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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.