With a capital gain of 12.31% for the last 12 months, Amaroo, 2914 has performed for property investments than its average annual 3.35% property growth over the last 5 years.
A 35.39% growth in median value for property investors in Amaroo,2914 puts this suburb at number 72th in terms of best performing suburbs in ACT
At number 276th in the list of Australian suburbs ordered by increase in median house value over the last year, Amaroo, 2914 is in the top 20% with a property value increase of 12.60% recorded in median house prices.
Amaroo,2914 has offered an average of 12.60% return per annum in house price rises to property investors over the last three years.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 4.75%, without taking into account capital value appreciation, which has been averaging out at 2.77%.
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Gungahlin suburb shines
Median unit price: $479,000
Three-year growth: 14.8%
Rental yield: 5.2%
“A beautiful place” according to an Aboriginal dialect, Amaroo is a fairly new suburb, having been gazetted in the early 1990s. It is now a popular area with a thriving unit market.
Amaroo experienced 12% growth over the past 12 months, with the median unit value clocking in at just under $480,000. The average rental return is high at 5.2%, which could be a draw for investors given the suburb’s steady growth.
Amaroo is just a stone’s throw from the Gungahlin Town Centre, which is a transport hub that is also the site of Calvary Hospital and Canberra Hospital. Amaroo itself is home to Amaroo School, a middle school that has a excellent reputation within the ACT. The institution covers preschool, primary and secondary education.