Giving property investors a a stable capital gain of 8.64% for the last year, Belconnen, 2617 is the 490th highest performer in Australia in this respect.
Across a shorter period, Belconnen, 2617 has seen a median price increase of 1.72% over the last quarter.
Belconnen, 2617 is offering ACT ‘s 9th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this ACT.
Belconnen is 20th on a list of best yielding suburbs for rents in ACT with a 5.64% return
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.