Investment property in Flynn has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.01%
Comparing Flynn,2615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Flynn, 2615 is offering ACT ‘s 27th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this ACT.
Flynn is 3rd on a list of best yielding suburbs for rents in ACT with a 5.29% return
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Information supplied by:
March 2019
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Canberra suburb has growth potential
Postcode: 2615
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%.