Property investors who have had real estate in Franklin, 2913 should be ok with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.13%
Taking the average capital gain, or increase in median house value, Franklin,2913 has racked up an average of 8.13% over the period. This ranks it number 1412th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Franklin is giving property investors an average Vendor Discount of around -2.68%. This puts suburb at number 37th in ACT when ranking the most discounted suburbs.
Residents and property investors in Franklin have been waiting around 44.77 days to sell a property.
The ACT suburb of Franklin, 2913 is in the Unincorporated ACT local government area.
If you compare the increase in value of investment property in Franklin, 2913 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -4.70%.
Across a shorter period, Franklin, 2913 has seen a median price increase of -1.98% over the last quarter.
Vendor discounting in Franklin is giving property investors an average Vendor Discount of around -1.80%. This puts suburb at number 42th in ACT when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $4680 per annum or $390 every week.
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.Full summary
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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.Close