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 7.38%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Franklin has increased when compared to the 5 year average annual rate.
Situated 8.73km from the CBD, Franklin is one of Unincorporated ACT localities in the postcode 2913.
With a capital gain of 10.87% for the last 12 months, Franklin, 2913 has performed for property investments than its average annual 1.81% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Franklin has given property investors a paper return of 0.66%. This puts Suburb as 38 on a list of fastest fasting appreciating suburbs in ACT
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.72% offered to property buyers. Sellers in Franklin itself are offering an average vendor discount of -2.82% to real estate investors.
Advertised rents are around the $450 mark per week – giving a return of 6.12% 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.