ACT has seen average median house prices change by 2.94% which means that Braddon, 2612 has done well for property investors by showing a capital gain of -3.50% over the last year
The ACT suburb of Braddon, 2612 is in the Unincorporated ACT local government area.
Braddon has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -5.00% to date .
Braddon,2612 has offered an average of -5.00% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Braddon should be aiming for at least -4.12% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Braddon the average time real estate has been on the market is 76.5632 days.
Property investors should expect to get $490 weekly from the median priced house in this suburb.
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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.
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.