Over the last year, property investments in Isaacs, 2607 have given investors a capital gain of 1.53%. This compares averagely with the 4.07% for ACT as a whole.
If we look at median property appreciation over just the last three months, Isaacs has given property investors a paper return of -3.58%. This puts Suburb as 85 on a list of fastest fasting appreciating suburbs in ACT
Isaacs is 64th on a list of best yielding suburbs for rents in ACT with a 3.92% return
Renters in Suburb are facing rents around $28600 per annum or $550 every week.
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.