With a capital gain of 4.43% for the last 12 months, Franklin, 2913 has performed for property investments than its average annual 6.35% property growth over the last 5 years.
Across a shorter period, Franklin, 2913 has seen a median price increase of -2.73% over the last quarter.
Our latest figures would indicate that property sellers in Franklin are currently offering property investors an average price cut of -2.24% below the asking price at the moment.
Franklin, 2913’s gross rental yield is 3.99%
At number 1139th in the list of Australian suburbs ordered by increase in median house value over the last year, Franklin, 2913 is in the BOTTOM 40% with a property value increase of -0.12% recorded in median house prices.
Comparing Franklin,2913 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -1.72% to buyers in Franklin at the moment, which is less than average for the rest of ACT.
Renters in Suburb are facing rents around $4770 per annum or $397.5 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