Over the last year, property investments in Belconnen, 2617 have given investors a capital gain of 4.10%. This compares favourably with the -0.28% for ACT as a whole.
Across a shorter period, Belconnen, 2617 has seen a median price increase of 0.26% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Belconnen, 2617. Typically our figures indicate that -3.78% is being offered, which puts this ACT suburb at 939th most discounted overall in Australia.
Situated 6.86km from the CBD, Belconnen is one of Unincorporated ACT localities in the postcode 2617.
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Occupancies increase in regional centre
Median unit price: $402,250
Vacancy rate: 1.8% (from 3.1%)
Three-year growth: -0.9%
With the ACT’s continued rise in the national market, Belconnen has seen the average vacancy rate fall sharply from 3.1% to just 1.8%.
Units are reasonably priced at a median of $402,250 – the suburb has only recently started seeing some growth again following a slight stumble in the past three years. Returns for investors are quite high at 5.2%, making it an attractive option given the suburb’s favourable location.
The suburb of Belconnen is a major centre for the Belconnen district, and is the site of many of the area’s top amenities, such as the Belconnen Town Centre and Lake Ginniderra. The former houses Westfield Belconnen, as well as several government offices. Lake Ginniderra College is situated on the south-eastern shore of the lake.