Giving property investors a an average capital gain of -2.59% for the last year, Griffith, 2603 is the 2179th highest performer in Australia in this respect.
Across a shorter period, Griffith, 2603 has seen a median price increase of 5.42% over the last quarter.
A $700 per week rent on the median house gives suburb investors a gross yield of circa 2.58%, without taking into account capital value appreciation, which has been averaging out at 4.25%.
ACT has seen average median house prices change by 0.65% which means that Griffith, 2603 has done well for property investors by showing a capital gain of -1.95% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Griffith has fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Griffith 2603 should be seeing an average reduction in asking price of around -4.18% . This means that Griffith is holding prices well when compared to other suburbs in ACT.
Often selling an investment property can take time, and in Griffith the average time real estate has been on the market is 90.569 days.
Situated 5.05km from the CBD, Griffith is one of Unincorporated ACT localities in the postcode 2603.
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Canberra suburb makes more room
Median unit price: $445,000
Stock on market: 73.2%
12-month growth: -2.2%
Situated in the inner south of Canberra, the suburb of Griffith is home to the Manuka Shopping Centre, which is regarded as one of the first shopping hubs in the capital.
It is also one of Canberra’s oldest suburbs, and its streets bear the original design by Walter Burley Griffin. It is dominated by parks that make it ideal for families with children. St Edmund’s College is established here, along with several other schools. Telopea Park School and Narrabundah College are in the neighbouring suburbs of Barton and Narrabundah.
Canberra’s CBD is about 10 minutes away by car, and commuters can also get to the city by bus. The number of units in this suburb skyrocketed in the year to May 2019.