At number 642th in the list of Australian suburbs ordered by increase in median house value over the last year, Bonython, 2905 is in the top 20% with a property value increase of 13.28% recorded in median house prices.
Comparing Bonython,2905 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -1.44% to buyers in Bonython at the moment, which is less than average for the rest of ACT.
Residents and property investors in Bonython have been waiting around 80.5 days to sell a property.
A $530 per week rent on the median house gives suburb investors a gross yield of circa 3.99%, without taking into account capital value appreciation, which has been averaging out at 4.60%.
Bonython, 2905 ranked 15th 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
Comparing Bonython,2905 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Bonython2905 is located in ACT which offers an average discount of -3.62% to property investors. Bonython itself is showing figures that indicate -2.14% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Bonython the average time real estate has been on the market is 55.95 days.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 2.32%, investors should hope to achieve an overall return of 4.77%
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February 2018
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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 $466,000Full summary
Dorm suburb pulls in working professionals
Postcode: 2905
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.
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