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 8.47%.
When looking at the potential capital gains offered to property investors over the last 3 years, Chisholm comes in at number 11th in ACT.
Chisholm, 2905’s gross rental yield is 4.23%
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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.