Over the last year, property investments in Waramanga, 2611 have given investors a capital gain of 1.65%. This compares badly with the 5.42% for ACT as a whole.
The five-year average increase in median property values for Waramanga,2611 has given property investors a potential capital gain of 31.46% across each of those five years.
In the last year 29 properties changed hands in Waramanga, which puts it as the 63th most active market in ACT when comparing the number of sales per suburb.
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November 2017
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Established in the 1960s and named after the Warumungu people, an Aboriginal tribe in Central Australia, this suburb is home to a relatively small population of around 2,700Full summary
Affordable suburb enhanced by state growth
Postcode: 2611
Median house price: $669,000
Stock on market: 0.0%
12-month growth: 17.3%
Established in the 1960s and named after the Warumungu people, an Aboriginal tribe in Central Australia, this suburb is home to a relatively small population of around 2,700.
Waramanga is one of the more affordable suburbs in the ACT, with a median house price of $677,000, after growth of 18.8% over the last 12 months. Situated 15 minutes’ drive from Canberra, the suburb is close to popular attractions such as the Royal Australian Mint, the National Zoo and Aquarium, the Museum of Australia and the National Library.
Surrounded by numerous nature reserves, such as Cooleman Ridge, Mount Taylor and Oakley Hill, as well as plenty of schools, colleges, churches, a hospital, a medical centre and a popular shopping mall, Waramanga is popular with families, and for those looking to rent, houses are more sought after than apartments.
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