Property investors who have had real estate in Garran, 2605 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.35%
Comparing Garran,2605 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Garran, 2605 is offering ACT ‘s 59th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this ACT.
Garran is 76th on a list of best yielding suburbs for rents in ACT with a 3.06% return
Property value increases in Garran have tracked just lower than the ACT average of 1.45% over the last 12 months.
Over the longer term, Garran has seen property prices show investors a -4.01% return over the last 3 years. This is an improvement over the last 12 months
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 Garran, 2605. Typically our figures indicate that -1.69% is being offered, which puts this ACT suburb at 1405th most discounted overall in Australia.
Often selling an investment property can take time, and in Garran the average time real estate has been on the market is 78.31 days.
Renters in Suburb are facing rents around $28080 per annum or $540 every week.