ACT has seen average median house prices change by 6.10% which means that Chisholm, 2905 has done well for property investors by showing a capital gain of 9.19% over the last year
While Chisholm,2905 ranked number 41th in ACT for increase in median house value (annualised) increase, it is ranked 59th over the last 5 years.
The most recent median price for Chisholm is $564500, with sellers offering an average of -2.63% off the asking price.
Chisholm is 5th on a list of best yielding suburbs for rents in ACT with a 4.84% return
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September 2017
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Named for renowned humanitarian Caroline Chisholm, the suburb of Chisholm in Canberra heroes women through its street names.Full summary
Competition is high with low stock
Postcode: 2905
Median house price: $512,500
Stock on market: -28.6%
12-month growth: 5.1%
Named for renowned humanitarian Caroline Chisholm, the suburb of Chisholm in Canberra heroes women through its street names.
As demand climbs in the ACT, this suburb has been riding the momentum by keeping supply low in order to spur competition – an effective tactic as house prices rose by 5.1% over the previous year leading up to July 2017. Even with the median value surpassing $500,000, the average discount rate is a very low 2.3%. Demand could be in part due to investors coming in as well, attracted by the high average discount rate of 4.6%
Chisholm is an education hub, as the site of both the junior and senior campuses of Caroline Chisholm School. Shops, supermarkets and childcare services are available at Chisholm Group Centre. Residents also enjoy playing sports at the local neighbourhood oval, tennis club and playing fields.
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