Property value increases in Franklin have tracked close to the ACT average of 5.42% over the last 12 months.
Franklin,2913 was ranked 3412 in Australia by increase in median property value over the quarter.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.62% offered to property buyers. Sellers in Franklin itself are offering an average vendor discount of -2.12% to real estate investors.
With a capital gain of -1.08% for the last 12 months, Franklin, 2913 has performed for property investments than its average annual 0.91% property growth over the last 5 years.
Across a shorter period, Franklin, 2913 has seen a median price increase of 0.00% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Franklin, 2913. Typically our figures indicate that -3.37% is being offered, which puts this ACT suburb at 1243th most discounted overall in Australia.
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