Suburb Profile Report for Amaroo ACT (2914)

Amaroo House: Median price $667,500, Annual capital growth 4.00%, Number of sales 62, Weekly median advertised rent $560

Amaroo Unit: Median price $495,500, Annual capital growth 2.96%, Number of sales 18, Weekly median advertised rent $490

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property value increases in Amaroo have tracked close to the ACT average of 4.34% over the last 12 months.

Across a shorter period, Amaroo, 2914 has seen a median price increase of 0.38% over the last quarter.

Our latest figures would indicate that property sellers in Amaroo are currently offering property investors an average price cut of -4.39% below the asking price at the moment.

Amaroo is 37th on a list of best yielding suburbs for rents in ACT with a 4.36% return

Amaroo has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 4.87% to date .

Taking the average capital gain, or increase in median house value, Amaroo,2914 has racked up an average of 4.87% over the period. This ranks it number 519th in the whole country for real estate investors looking at median house price increases.

At number 35 in a list of fastest selling suburbs, Amaroo is in the TOP 10% of suburbs in Australia with an average of days on market 32.9231 for properties listed there.

Amaroo, 2914’s gross rental yield is 5.14%

Information supplied by:


December 2017

M
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W
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Gungahlin suburb shines

Postcode: 2914

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.

Metrics i HOUSE UNIT
$667,500 $495,500
0.38% -1.10%
2.69% 4.87%
4.00% 2.96%
$560 $490
62 18
4.36% 5.14%
58.595238 32.923077

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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