Giving property investors a a solid capital gain of 10.00% for the last year, Duffy, 2611 is the 721th highest performer in Australia in this respect.
Comparing Duffy,2611 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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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.