Investment property in Evatt has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%
Comparing Evatt,2617 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Evatt are currently offering property investors an average price cut of 0.00% below the asking price at the moment.
Situated 9.22km from the CBD, Evatt is one of Unincorporated ACT localities in the postcode 2617.
Evatt, 2617 ranked 24th in ACT when comparing growth in median property values or capital gain over the last 12 months. Evatt is one of 126 in our list for ACT
If we look at median property appreciation over just the last three months, Evatt has given property investors a paper return of -9.00%. This puts Suburb as 23 on a list of fastest fasting appreciating suburbs in ACT
Sellers are offering property buyers an average discount of -4.19% to buyers in Evatt at the moment, which is less than average for the rest of ACT.
Often selling an investment property can take time, and in Evatt the average time real estate has been on the market is 137.333 days.
With the median price for a house in Evatt being $470000 and the advertised rent reaching $0 the gross rental yield for property investors calculates out to be 0.00%
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Situated roughly 20-minutes’ drive from the capital of Canberra is the suburb of Evatt, whose houses have become quite popular over the decade.
Prices peaked at nearly $570,000 over the past 12 months, following 12.6% growth. While the unit market has been declining slightly over a five-year period, rental yields are high at 5%.
The suburb’s central location in the Belconnen supports its growth, since the region has been experiencing a rise. Evatt provides many conveniences and amenities, such as ovals and primary schools, and neighbouring suburbs like Melba and Spence are home to secondary schools, sports facilities and shopping centres. Bus services to the city are also offered.