Investment property in Page has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.33%
Page,2614 has offered an average of 3.33% return per annum in house price rises to property investors over the last three years.
Residents and property investors in Page have been waiting around 40.52 days to sell a property.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 4.03%, without taking into account capital value appreciation, which has been averaging out at 4.74%.
Property investors who have had real estate in Page, 2614 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.99%
Page,2614 was ranked 640 in Australia by increase in median property value over the quarter.
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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.