If you compare the increase in value of investment property in Hackett, 2602 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 4.87%.
Across a shorter period, Hackett, 2602 has seen a median price increase of -2.88% over the last quarter.
Sellers are offering property buyers an average discount of -6.67% to buyers in Hackett at the moment, which is less than average for the rest of ACT.
Using the current median advertised rental of $640 and the average annual increase in value of a median property of 5.39%, investors should hope to achieve an overall return of 3.92%
Hackett has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -5.74% to date .
The five-year average increase in median property values for Hackett,2602 has given property investors a potential capital gain of -36.81% across each of those five years.
At number 161 in a list of fastest selling suburbs, Hackett is in the TOP 20% of suburbs in Australia with an average of days on market 29 for properties listed there.
Advertised rents are around the $330 mark per week – giving a return of 5.97% based on the median price in Suburb