Property investors who have had real estate in Chifley, 2606 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 9.62%
Chifley,2606 was ranked 3782 in Australia by increase in median property value over the quarter.
Property buyers and investors in Chifley 2606 should be seeing an average reduction in asking price of around -2.38% . This means that Chifley is holding prices well when compared to other suburbs in ACT.
A $560 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 5.45%.
Over the last year, property investments in Chifley, 2606 have given investors a capital gain of -22.21%. This compares very badly with the 1.77% for ACT as a whole.
Over the longer term, Chifley has seen property prices show investors a -42.53% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Chifley is giving property investors an average Vendor Discount of around -4.73%. This puts suburb at number 8th in ACT when ranking the most discounted suburbs.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
Chifley, 2606’s gross rental yield is 6.22%