Braddon is 87th on a list of best yielding suburbs for rents in ACT with a 2.89% return
Braddon is an average performer in ACT when comparing median price capital growth over the last year. Braddon gave property investors a average capital gain figure when compared to the rest of the state, with 1.46%.
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.
LACK OF BUYER INTEREST may well be the reason that Braddon is offering property investors an average of -4.10. This rate of discount on properties puts Suburb at number 16th in terms of most discounted suburbs in ACT
Residents and property investors in Braddon have been waiting around 83.1111 days to sell a property.
Situated 1.10km 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.
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.