Chisholm, 2905 ranked 32th 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
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Chisholm has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Chisholm are currently offering property investors an average price cut of -2.59% below the asking price at the moment.
On average over the past year, suburb has had 4.58 sales per month, which equates to 55 per year.
Advertised rents are around the $530 mark per week – giving a return of 4.92% based on the median price in Suburb
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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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