Property investors who have had real estate in Pearce, 2607 should be 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 25.00%
Across a shorter period, Pearce, 2607 has seen a median price increase of 3.14% over the last quarter.
Pearce, 2607’s gross rental yield is 2.95%
Investment property in Pearce has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.07%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pearce has increased when compared to the 5 year average annual rate.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 4.94%, investors should hope to achieve an overall return of 4.16%