If you compare the increase in value of investment property in Narrabundah, 2604 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 9.71%.
Narrabundah,2604 has offered an average of 9.71% return per annum in house price rises to property investors over the last three years.
In the last year 84 properties changed hands in Narrabundah, which puts it as the 10th most active market in ACT when comparing the number of sales per suburb.
Situated 6.42km from the CBD, Narrabundah is one of Unincorporated ACT localities in the postcode 2604.
Giving property investors a an average capital gain of -1.09% for the last year, Narrabundah, 2604 is the 762th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Narrabundah has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Narrabundah, 2604. Typically our figures indicate that -3.69% is being offered, which puts this ACT suburb at 926th most discounted overall in Australia.
In the last year 28 properties changed hands in Narrabundah, which puts it as the 27th most active market in ACT when comparing the number of sales per suburb.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 1.20%, investors should hope to achieve an overall return of 5.52%