Bonython, 2905 ranked 47th 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
While Bonython,2905 ranked number 65th in ACT for increase in median house value (annualised) increase, it is ranked 17th over the last 5 years.
Renters in Suburb are facing rents around $27560 per annum or $530 every week.
Over the last year, property investments in Bonython, 2905 have given investors a capital gain of 6.00%. This compares favourably with the 3.88% for ACT as a whole.
While Bonython,2905 ranked number 8th in ACT for increase in median house value (annualised) increase, it is ranked 3rd over the last 5 years.
Bonython is 50th on a list of best yielding suburbs for rents in ACT with a 4.68% return
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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.