Bonython is in the TOP 20% in ACT when comparing median price capital growth over the last year. Bonython gave property investors a very good capital gain figure when compared to the rest of the state, with 11.15%.
The five-year average increase in median property values for Bonython,2905 has given property investors a potential capital gain of 33.30% across each of those five years.
If you compare the increase in value of investment property in Bonython, 2905 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 11.11%.
Bonython,2905 has offered an average of 11.11% return per annum in house price rises to property investors over the last three years.
Property investors should expect to get $460 weekly from the median priced house in this suburb.
Information supplied by:
Dorm suburb pulls in working professionals
Median unit price: $466,000
Three-year growth: 12.6%
Rental yield: 4.8%
Bordering Mount Stranger, the suburb of Bonython in Tuggeranong has been enjoying gentle but steady growth over the past five years. Following a 2.4% increase in prices in the year leading up to November 2017, the median unit value has gone up to $466,000.
Returns for investors are fairly high at an average of 4.8%, and given Bonython’s potential for long-term growth, this could definitely draw attention from those looking to capitalise on the ACT’s rise.
Bonython Primary School is located in the heart of the suburb, and there is a childcare centre nearby. Bonython is also very close to the Tuggeranong Town Centre, which brings in many of the working population in this town. The town centre also serves as Bonython’s main commercial and retail hub.