ACT has seen average median house prices change by 2.94% which means that Page, 2614 has done well for property investors by showing a capital gain of -0.81% over the last year
Taking the average capital gain, or increase in median house value, Page,2614 has racked up an average of -0.81% over the period. This ranks it number 740th in the whole country for real estate investors looking at median house price increases.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
Advertised rents are around the $500 mark per week – giving a return of 4.23% based on the median price in Suburb
If you compare the increase in value of investment property in Page, 2614 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -4.99%.
Page,2614 has offered an average of -4.99% return per annum in house price rises to property investors over the last three years.
The ACT suburb of Page, 2614 is in the Unincorporated ACT local government area.
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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.