Investment property in Franklin has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.37%
Franklin,2913 has offered an average of 12.37% return per annum in house price rises to property investors over the last three years.
The ACT suburb of Franklin, 2913 is in the Unincorporated ACT local government area.
Property value increases in Franklin have tracked close to the ACT average of 3.89% over the last 12 months.
Over the longer term, Franklin has seen property prices show investors a 5.49% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Franklin is $379500, with sellers offering an average of -3.00% off the asking price.
Residents and property investors in Franklin have been waiting around 93.875 days to sell a property.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 6.03%, without taking into account capital value appreciation, which has been averaging out at 2.18%.
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.