If you compare the increase in value of investment property in Chisholm, 2905 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 8.74%.
Chisholm,2905 was ranked 1038 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -2.21% to buyers in Chisholm at the moment, which is less than average for the rest of ACT.
On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.
Property investors should expect to get $530 weekly from the median priced house in this suburb.
Over the last year, property investments in Chisholm, 2905 have given investors a capital gain of 6.41%. This compares favourably with the 0.75% for ACT as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Chisholm comes in at number 35th in ACT.
Named for renowned humanitarian Caroline Chisholm, the suburb of Chisholm in Canberra heroes women through its street names.Full summary
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Competition is high with low stock
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.Close