Giving property investors a a stable capital gain of 22.11% for the last year, Belconnen, 2617 is the 1287th highest performer in Australia in this respect.
Over the longer term, Belconnen has seen property prices show investors a -3.09% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in Belconnen are currently offering property investors an average price cut of 0.00% below the asking price at the moment.
Using the current median advertised rental of $425 and the average annual increase in value of a median property of 6.35%, investors should hope to achieve an overall return of 3.65%
If you compare the increase in value of investment property in Belconnen, 2617 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was 0.00%.
Over the longer term, Belconnen has seen property prices show investors a 0.00% return over the last 3 years. This is the same as over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Belconnen is offering property investors an average of -1.49. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in ACT
On average over the past year, suburb has had 22.08 sales per month, which equates to 265 per year.
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.