Bonython, 2905 ranked 77th 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
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bonython has increased when compared to the 5 year average annual rate.
At number 2544 in a list of fastest selling suburbs, Bonython is in the bottom 40% of suburbs in Australia with an average of days on market 91.9412 for properties listed there.
Property investors should expect to get $530 weekly from the median priced house in this suburb.
Over the last year, property investments in Bonython, 2905 have given investors a capital gain of 0.60%. This compares averagely with the -0.42% for ACT as a whole.
While Bonython,2905 ranked number 41th in ACT for increase in median house value (annualised) increase, it is ranked 6th over the last 5 years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Bonython itself are offering an average vendor discount of -3.00% to real estate investors.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 2.87%, investors should hope to achieve an overall return of 5.07%
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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.