Investment property in Duffy has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.91%
Comparing Duffy,2611 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 41 properties changed hands in Duffy, which puts it as the 45th most active market in ACT when comparing the number of sales per suburb.
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Houses are in demand in tightly occupied suburb
Median house price: $707,500
Three-year growth: 29.82%
Rental yield: 4.04%
About 15 minutes southwest of Canberra, the suburb of Duffy is riding the wave of the state’s momentum as house values have gotten a near 19% boost in the past 12 months leading up to May 2017.
Even with a median price of above $700,000, houses are selling at a very low average discount rate of 2.44%. Investors may consider the cost worth it given the reasonable yield of 4.04%; the tight vacancy rate of 0.42% suggests that there won’t be a shortage of interested tenants.
There are a couple of schools for young children in the suburb, and a community oval has also been established nearby. Duffy Primary School is next door to shops on Burrinjuck Crescent, which serves as a stop for buses heading to Canberra.