Giving property investors a a solid capital gain of 9.78% for the last year, Chisholm, 2905 is the 745th highest performer in Australia in this respect.
Comparing Chisholm,2905 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Chisholm 2905 should be seeing an average reduction in asking price of around -2.72% . This means that Chisholm is holding prices well when compared to other suburbs in ACT.
Situated 16.07km from the CBD, Chisholm is one of Unincorporated ACT localities in the postcode 2905.
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Information supplied by:
September 2017
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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.