Weston has had a pretty average year for property investment returns compared to the rest of ACT, giving investors a capital gain of 6.52% to date .
Comparing Weston,2611 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Often selling an investment property can take time, and in Weston the average time real estate has been on the market is 50.5 days.
A $665 per week rent on the median house gives suburb investors a gross yield of circa 4.60%, without taking into account capital value appreciation, which has been averaging out at 3.91%.
At number 130th in the list of Australian suburbs ordered by increase in median house value over the last year, Weston, 2611 is in the top 10% with a property value increase of 18.53% recorded in median house prices.
While Weston,2611 ranked number 43th in ACT for increase in median house value (annualised) increase, it is ranked 47th over the last 5 years.
With the median price for a house in Weston being $550000 and the advertised rent reaching $455 the gross rental yield for property investors calculates out to be 4.30%