Investment property in Braddon has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.73%
When looking at the potential capital gains offered to property investors over the last 3 years, Braddon comes in at number 44th in ACT.
Braddon2612 is located in ACT which offers an average discount of -3.34% to property investors. Braddon itself is showing figures that indicate -3.70% is the average achievable by property buyers investing in the suburb.
At number 1033 in a list of fastest selling suburbs, Braddon is in the bottom 40% of suburbs in Australia with an average of days on market 72.7917 for properties listed there.
Braddon is 27th on a list of best yielding suburbs for rents in ACT with a 5.30% return
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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.