Chisholm, 2905 ranked 20th in ACT when comparing growth in median property values or capital gain over the last 12 months. Chisholm is one of 126 in our list for ACT
Taking the average capital gain, or increase in median house value, Chisholm,2905 has racked up an average of 8.18% over the period. This ranks it number 633th in the whole country for real estate investors looking at median house price increases.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.08% offered to property buyers. Sellers in Chisholm itself are offering an average vendor discount of -2.33% to real estate investors.
On average over the past year, suburb has had 5.83 sales per month, which equates to 70 per year.
Chisholm is 28th on a list of best yielding suburbs for rents in ACT with a 4.54% return
Information supplied by:
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.