If you compare the increase in value of investment property in Belconnen, 2617 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -4.91%.
Belconnen,2617 has offered an average of -4.91% return per annum in house price rises to property investors over the last three years.
Often selling an investment property can take time, and in Belconnen the average time real estate has been on the market is 49.2727 days.
Belconnen is 3rd on a list of best yielding suburbs for rents in ACT with a 5.43% return
Property investors who have had real estate in Belconnen, 2617 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 decrease in value by -0.78%
Comparing Belconnen,2617 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Our latest figures would indicate that property sellers in Belconnen are currently offering property investors an average price cut of -4.11% below the asking price at the moment.
Advertised rents are around the $420 mark per week – giving a return of 5.72% based on the median price in Suburb
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.