ACT has seen average median house prices change by 4.46% which means that Franklin, 2913 has done well for property investors by showing a capital gain of -4.19% over the last year
Across a shorter period, Franklin, 2913 has seen a median price increase of -2.47% over the last quarter.
At number 698 in a list of fastest selling suburbs, Franklin is in the TOP 20% of suburbs in Australia with an average of days on market 46.89 for properties listed there.
Franklin has had a pretty average year for property investment returns compared to the rest of ACT, giving investors a capital gain of 2.70% to date .
Franklin,2913 was ranked 640 in Australia by increase in median property value over the quarter.
At number 21th of ACT’s most discounted properties, Franklin is in the TOP 10% of the state/territory when listing in order of most discounted to least.
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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.