Braddon is in the TOP 10% in ACT when comparing median price capital growth over the last year. Braddon gave property investors a very good capital gain figure when compared to the rest of the state, with 39.78%.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of -1.55%, investors should hope to achieve an overall return of 2.66%
Property value increases in Braddon have tracked lower than the ACT average of 4.05% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Braddon comes in at number 39th in ACT.
Our latest figures would indicate that property sellers in Braddon are currently offering property investors an average price cut of -4.40% below the asking price at the moment.
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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.