At number 1140th in the list of Australian suburbs ordered by increase in median house value over the last year, Flynn, 2615 is in the top 30% with a property value increase of 10.45% recorded in median house prices.
If we look at median property appreciation over just the last three months, Flynn has given property investors a paper return of 3.53%. This puts Suburb as 43 on a list of fastest fasting appreciating suburbs in ACT
Flynn, 2615’s gross rental yield is 4.23%
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Canberra suburb has growth potential
Median house price: $605,000
Three-year growth: 13.9%
Rental yield: 4.7%
The suburb of Flynn provides residents with a great deal of open space to enjoy, with large properties on tree-lined streets. Many parks and gardens flourish here, making this a great suburb for the nature lover.
It is just 12km northwest of Canberra, and while Flynn does not have many amenities within its area, its central location near Belconnen means that residents can easily travel to the city for their needs. For instance, nearby Melba and Fraser offer schooling options and sports facilities.
House prices are high in line with Canberra’s overall market position. The suburb has maintained a 4.1% average annual growth rate, with the recent price increase of 4.3% over the December 2017-2018 period bringing the median value to over $600,000. Even then, the average discount rate is low at 3.8%.