With a capital gain of 4.03% for the last 12 months, Belconnen, 2617 has performed for property investments than its average annual 0.42% property growth over the last 5 years.
A -7.74% growth in median value for property investors in Belconnen,2617 puts this suburb at number 20th in terms of best performing suburbs in ACT
LACK OF BUYER INTEREST may well be the reason that Belconnen is offering property investors an average of -3.95. This rate of discount on properties puts Suburb at number 25th in terms of most discounted suburbs in ACT
Residents and property investors in Belconnen have been waiting around 81.4386 days to sell a property.
Belconnen is 19th on a list of best yielding suburbs for rents in ACT with a 5.90% return
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Information supplied by:
January 2018
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Occupancies increase in regional centre
Postcode: 2617
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.