At number 2419th in the list of Australian suburbs ordered by increase in median house value over the last year, Bonython, 2905 is in the BOTTOM 50% with a property value increase of 8.58% recorded in median house prices.
Across a shorter period, Bonython, 2905 has seen a median price increase of 1.04% over the last quarter.
At number 483 in a list of fastest selling suburbs, Bonython is in the TOP 20% of suburbs in Australia with an average of days on market 38.3571 for properties listed there.
Property investors who have had real estate in Bonython, 2905 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.27%
Comparing Bonython,2905 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 37 properties changed hands in Bonython, which puts it as the 28th most active market in ACT when comparing the number of sales per suburb.
Property investors should expect to get $495 weekly from the median priced house in this suburb.
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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.