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:
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.