Property value increases in Amaroo have tracked just lower than the ACT average of 2.94% over the last 12 months.
Amaroo,2914 has offered an average of -2.59% return per annum in house price rises to property investors over the last three years.
Amaroo2914 is located in ACT which offers an average discount of -4.08% to property investors. Amaroo itself is showing figures that indicate -3.72% is the average achievable by property buyers investing in the suburb.
Amaroo is 35th on a list of best yielding suburbs for rents in ACT with a 4.43% return
Giving property investors a an average capital gain of 0.00% for the last year, Amaroo, 2914 is the 606th highest performer in Australia in this respect.
A 13.95% growth in median value for property investors in Amaroo,2914 puts this suburb at number 38th in terms of best performing suburbs in ACT
Property investors should expect to get $490 weekly from the median priced house in this suburb.
Information supplied by:
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.