Property investors who have had real estate in Page, 2614 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.33%
Page,2614 has offered an average of 8.33% return per annum in house price rises to property investors over the last three years.
At number 1563 in a list of fastest selling suburbs, Page is just in the top half of suburbs in Australia with an average of days on market 64.125 for properties listed there.
Situated 8.34km from the CBD, Page is one of Unincorporated ACT localities in the postcode 2614.
Giving property investors a a stable capital gain of 9.55% for the last year, Page, 2614 is the 399th highest performer in Australia in this respect.
The five-year average increase in median property values for Page,2614 has given property investors a potential capital gain of 8.18% across each of those five years.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 5.44%, without taking into account capital value appreciation, which has been averaging out at 1.03%.
Information supplied by:
As a residential suburb of the Belconnen region, Page has certainly felt the effects of the district’s rise. Growth reached almost 10% in the previous year, bumping the median unit price past $430,000.
The suburb honours the country’s scientists, naming streets after notable personalities in this field. It also draws interest mainly for its ideal position beside the suburb of Belconnen, bringing Page residents within reach of amenities such as the Belconnen Town Centre, Lake Ginniderra, parks, ovals and schools.
Other amenities, such as the major shopping hub Jamison Centre, can be found in neighbouring suburbs Macquarie and Hawker, along with sports facilities. Page is also less than 20 minutes from Canberra itself via Belconnen Way and Barry Drive, making it the perfect suburb for employees in the city. Daily buses also bring commuters to and from the CBD.