If you compare the increase in value of investment property in Garran, 2605 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was 3.34%.
While Garran,2605 ranked number 71th in ACT for increase in median house value (annualised) increase, it is ranked 34th over the last 5 years.
Vendor discounting in Garran is giving property investors an average Vendor Discount of around -0.33%. This puts suburb at number 65th in ACT when ranking the most discounted suburbs.
Residents and property investors in Garran have been waiting around 124.61 days to sell a property.
At number 631th in the list of Australian suburbs ordered by increase in median house value over the last year, Garran, 2605 is in the top 40% with a property value increase of 4.39% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Garran has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Garran should be aiming for at least -1.09% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 33 properties changed hands in Garran, which puts it as the 36th most active market in ACT when comparing the number of sales per suburb.
Property investors should expect to get $550 weekly from the median priced house in this suburb.