Giving property investors a a solid capital gain of 10.12% for the last year, Franklin, 2913 is the 469th highest performer in Australia in this respect.
While Franklin,2913 ranked number 26th in ACT for increase in median house value (annualised) increase, it is ranked 28th over the last 5 years.
Property investors looking for a bargain in Franklin should be aiming for at least -4.16% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1021 in a list of fastest selling suburbs, Franklin is in the TOP 30% of suburbs in Australia with an average of days on market 65.2642 for properties listed there.
Franklin has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -4.47% to date .
Franklin,2913 was ranked 923 in Australia by increase in median property value over the quarter.
Franklin, 2913 is offering ACT ‘s 10th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this ACT.
With the median price for a house in Franklin being $363000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 6.30%
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.