With a capital gain of -5.82% for the last 12 months, Franklin, 2913 has performed for property investments than its average annual 11.57% property growth over the last 5 years.
Over the longer term, Franklin has seen property prices show investors a 4.19% return over the last 3 years. This is worse than over the last 12 months
At number 11th of ACT’s most discounted properties, Franklin is in the middle of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $620 mark per week – giving a return of 4.80% based on the median price in Suburb
Franklin, 2913 ranked 33th in ACT when comparing growth in median property values or capital gain over the last 12 months. Franklin is one of 126 in our list for ACT
Across a shorter period, Franklin, 2913 has seen a median price increase of -0.07% over the last quarter.
Sellers are offering property buyers an average discount of -3.26% to buyers in Franklin at the moment, which is less than average for the rest of ACT.
Advertised rents are around the $430 mark per week – giving a return of 5.89% based on the median price in Suburb
Information supplied by:
Median unit price: $359,500
Rental yield: 5.71%
The fairly new suburb of Franklin is one of those benefiting from Gungahlin’s development. This suburb recorded a jump of almost 7% in two-bedroom unit prices over the past 12 months, but it remains a reasonably priced area to invest in.
The rental market has followed by increasing rents at almost the same rate. In the process, investors can gain a significant average return of 5.7%. Although Franklin’s townhouse market did not report rises in rent rate, landlords can still earn a 5.3% yield.
The suburb is home to parklands, and it encourages a nature-filled, active lifestyle through pedestrian and cyclist trails. There are several schools at various education levels as well. For other amenities, Franklin is only 15 minutes away from Canberra by car and roughly half an hour by bus. The Marketplace at Gungahlin is minutes away and houses many shops and restaurants.