Bonython has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 10.06% to date .
Bonython,2905 was ranked 3218 in Australia by increase in median property value over the quarter.
Bonython, 2905 ranked 12th in ACT when comparing growth in median property values or capital gain over the last 12 months. Bonython is one of 126 in our list for ACT
Across a shorter period, Bonython, 2905 has seen a median price increase of -0.50% over the last quarter.
Residents and property investors in Bonython have been waiting around 50.6 days to sell a property.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
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.