If you compare the increase in value of investment property in Bonython, 2905 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was 3.73%.
The five-year average increase in median property values for Bonython,2905 has given property investors a potential capital gain of 13.33% across each of those five years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.40% offered to property buyers. Sellers in Bonython itself are offering an average vendor discount of -4.81% to real estate investors.
In the last year 22 properties changed hands in Bonython, which puts it as the 77th most active market in ACT when comparing the number of sales per suburb.
A $485 per week rent on the median house gives suburb investors a gross yield of circa 4.12%, without taking into account capital value appreciation, which has been averaging out at 4.61%.
With a capital gain of 2.04% for the last 12 months, Bonython, 2905 has performed for property investments than its average annual 3.60% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Bonython comes in at number 22th in ACT.
LACK OF BUYER INTEREST may well be the reason that Bonython is offering property investors an average of -3.61. This rate of discount on properties puts Suburb at number 14th in terms of most discounted suburbs in ACT
Advertised rents are around the $445 mark per week – giving a return of 5.01% based on the median price in Suburb