With a capital gain of -0.07% for the last 12 months, Duffy, 2611 has performed for property investments than its average annual 3.91% property growth over the last 5 years.
Comparing Duffy,2611 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Duffy are currently offering property investors an average price cut of -3.04% below the asking price at the moment.
Duffy is 28th on a list of best yielding suburbs for rents in ACT with a 4.30% return
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.Full summary
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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.Close