Over the last year, property investments in Braddon, 2612 have given investors a capital gain of -28.32%. This compares very badly with the 4.46% for ACT as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Braddon has fallen somewhat when compared to the 5 year average annual rate.
With the median price for a house in Braddon being $820000 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 3.36%
Property value increases in Braddon have tracked just lower than the ACT average of 1.93% over the last 12 months.
While Braddon,2612 ranked number 48th in ACT for increase in median house value (annualised) increase, it is ranked 48th over the last 5 years.
The most recent median price for Braddon is $425000, with sellers offering an average of -5.05% off the asking price.
On average over the past year, suburb has had 12.50 sales per month, which equates to 150 per year.
Situated 1.07km from the CBD, Braddon is one of Unincorporated ACT localities in the postcode 2612.
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The Braddon unit market is worth checking out thanks to its level of affordability. Its median unit price may not be the cheapest in the country, but it compares extremely well with neighbouring Turner, and particularly Ainslie. Full summary
The Braddon unit market is worth checking out thanks to its level of affordability. Its median unit price may not be the cheapest in the country, but it compares extremely well with neighbouring Turner, and particularly Ainslie.
Sitting right on top of Limestone and Northbourne Avenues, it’s certainly an accessible inner-northern suburb that’s characterised by long streets heading north to south towards London Circuit and Vernon Circle. Most of the suburb’s shops and amenities can be found south of Haig Park on Mort and Lonsdale Streets, as well as a few office blocks.
Looking at the listings for Braddon, offerings range from investment-only studios for around the $130,000-mark up to fully renovated three-bedroom apartments for closer to $600,000. With the sprawling Australian National University being just a stone’s throw away, your choice of property will most likely need to appeal to either the student or young professional market.
Renters made up half of the suburb’s population at last count in 2006, and the area’s vacancy rate has consistently been below 2% over the past five years, according to SQM Research. Looking at the ABS statistics for the Braddon SLA, if its population growth rate of 9.1% over four years is anything to go by, Braddon’s rental market should remain strong for some time.
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