Investment property in Belconnen has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.33%
Taking the average capital gain, or increase in median house value, Belconnen,2617 has racked up an average of 8.33% over the period. This ranks it number 759th in the whole country for real estate investors looking at median house price increases.
Belconnen2617 is located in ACT which offers an average discount of -3.34% to property investors. Belconnen itself is showing figures that indicate -3.34% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Belconnen the average time real estate has been on the market is 65.4128 days.
Situated 6.88km 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.