Investment property in Duffy has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.96%
Duffy,2611 was ranked 3605 in Australia by increase in median property value over the quarter.
At number 44th of ACT’s most discounted properties, Duffy is in the TOP 30% of the state/territory when listing in order of most discounted to least.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 4.66%, without taking into account capital value appreciation, which has been averaging out at 4.37%.
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August 2017
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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
Houses are in demand in tightly occupied suburb
Postcode: 2611
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.
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