Isaacs has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 7.06% to date .
Taking the average capital gain, or increase in median house value, Isaacs,2607 has racked up an average of 7.06% over the period. This ranks it number 1693th in the whole country for real estate investors looking at median house price increases.
Comparing Isaacs,2607 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Isaacs is 52th on a list of best yielding suburbs for rents in ACT with a 4.67% return
Information supplied by:
Price correction begins
Median house price: $821,000
Three-year growth: 6.3%
Rental yield: 4.3%
Located in Canberra’s Woden region, Isaacs first came into existence in the 1960s, but residential properties were not established here until the late 1980s. It is surrounded by the suburbs of O’Malley, Mawson and Farrer.
The house market is quite pricey, but correction may be happening as the suburb saw prices fall by 5.8% in the 12 months to January 2019, pulling the median value down to $821,000. Even then, demand is still strong, with houses selling in 45 days on average.
Located around 9km south of the Canberra CBD, Isaacs offers excellent amenities, including a shopping centre, parks and gardens. Walking tracks lead one to Isaacs Ridge, which is including in the Canberra Nature Park network. The abundance of playgrounds in the area makes it an ideal spot for children as well. The quiet streets and surrounding bushland also boost the suburb’s appeal.