Investment property in Acton has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.61%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Acton has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Acton itself are offering an average vendor discount of -6.42% to real estate investors.
At number 3265 in a list of fastest selling suburbs, Acton is in the bottom 20% of suburbs in Australia with an average of days on market 113.47 for properties listed there.
Using the current median advertised rental of $230 and the average annual increase in value of a median property of 0.41%, investors should hope to achieve an overall return of 6.95%