Property value increases in Denman Prospect have tracked lower than the ACT average of 8.08% over the last 12 months.
Taking the average capital gain, or increase in median house value, Denman Prospect,2611 has racked up an average of -34.55% over the period. This ranks it number 2210th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.73% offered to property buyers. Sellers in Denman Prospect itself are offering an average vendor discount of -6.82% to real estate investors.
Often selling an investment property can take time, and in Denman Prospect the average time real estate has been on the market is 136.8 days.
Advertised rents are around the $840 mark per week – giving a return of 8.09% based on the median price in Suburb
Situated 10.00km from the CBD, Denman Prospect is one of Unincorporated ACT localities in the postcode 2611.