Over the last year, property investments in Turner, 2612 have given investors a capital gain of 6.80%. This compares favourably with the 2.94% for ACT as a whole.
Taking the average capital gain, or increase in median house value, Turner,2612 has racked up an average of 6.80% over the period. This ranks it number 1686th in the whole country for real estate investors looking at median house price increases.
A $655 per week rent on the median house gives suburb investors a gross yield of circa 2.34%, without taking into account capital value appreciation, which has been averaging out at 9.79%.
Property value increases in Turner have tracked lower than the ACT average of 1.33% over the last 12 months.
Turner,2612 has offered an average of -16.42% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Turner are currently offering property investors an average price cut of -3.46% below the asking price at the moment.
Often selling an investment property can take time, and in Turner the average time real estate has been on the market is 82.3704 days.
Turner, 2612’s gross rental yield is 6.19%