Property investors who have had real estate in Flynn, 2615 should be ok 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 9.94%
When looking at the potential capital gains offered to property investors over the last 3 years, Flynn comes in at number 51th in ACT.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.63% offered to property buyers. Sellers in Flynn itself are offering an average vendor discount of -4.39% to real estate investors.
At number 564 in a list of fastest selling suburbs, Flynn is just in the top half of suburbs in Australia with an average of days on market 52.96 for properties listed there.
A $490 per week rent on the median house gives suburb investors a gross yield of circa 4.35%, without taking into account capital value appreciation, which has been averaging out at 4.19%.