Investment property in Rivett has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.56%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rivett has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Rivett is offering property investors an average of -3.62. This rate of discount on properties puts Suburb at number 40th in terms of most discounted suburbs in ACT
In the last year 57 properties changed hands in Rivett, which puts it as the 23th most active market in ACT when comparing the number of sales per suburb.
With the median price for a house in Rivett being $619000 and the advertised rent reaching $510 the gross rental yield for property investors calculates out to be 4.28%