Over the last year, property investments in Chisholm, 2905 have given investors a capital gain of 10.70%. This compares very favourably with the 4.46% for ACT as a whole.
Across a shorter period, Chisholm, 2905 has seen a median price increase of 1.36% over the last quarter.
Property buyers and investors in Chisholm 2905 should be seeing an average reduction in asking price of around -3.15% . This means that Chisholm is holding prices well when compared to other suburbs in ACT.
Chisholm is 33th on a list of best yielding suburbs for rents in ACT with a 4.35% return
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Information supplied by:
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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