Property value increases in Evatt have tracked just higher than the ACT average of 5.48% over the last 12 months.
Comparing Evatt,2617 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 75 properties changed hands in Evatt, which puts it as the 19th most active market in ACT when comparing the number of sales per suburb.
Evatt is 7th on a list of best yielding suburbs for rents in ACT with a 4.64% return
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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.