The ACT suburb of Belconnen, 2617 is in the Unincorporated ACT local government area.
ACT has seen average median house prices change by 3.99% which means that Belconnen, 2617 has done well for property investors by showing a capital gain of 6.02% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Belconnen has increased when compared to the 5 year average annual rate.
Belconnen2617 is located in ACT which offers an average discount of -2.72% to property investors. Belconnen itself is showing figures that indicate -2.32% is the average achievable by property buyers investing in the suburb.
In the last year 157 properties changed hands in Belconnen, which puts it as the 3rd most active market in ACT when comparing the number of sales per suburb.
With the median price for a house in Belconnen being $405000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.78%
Information supplied by:
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.