Investors considering their next purchase might be interested in the latest RP Data CoreLogic Pain and Gain report, which demonstrates which markets are performing best at the moment.
Covering the first three months of the year, the report suggests that property buyers in the ACT could be experiencing some decent returns at the moment. Just 10.8 per cent of properties in the territory sold at a loss during the March quarter, a rate that is lower than some parts of the country such as regional Queensland and regional Western Australia.
However, it's the potential profits that most investors in Belconnen property are going to be interesting – and some of the results are impressive. Throughout the three-month period, 28.5 per cent of homes in the ACT were sold for a profit of at least 100 per cent. Meanwhile, 9.5 per cent were sold on for returns of at least 9.5 per cent.
Now could be a good time to enter the market, as the latest SQM Research figures show that stock listings increased across Canberra last month. Compared to April levels, an additional 8.2 per cent of properties were made available for sale.
Listings were down 4.3 per cent from 12 months earlier, making the national capital's markets one of the steadiest in the country. Darwin, for example, saw its listings soar 36.2 per cent from a year earlier, while Melbourne's were down 16 per cent.
Investing in real estate isn't a decision to take lightly, which is why you might want to take a closer look at property management in Belconnen. We're here to help with all your rental property needs, whether you're investing for the first time, or adding to your portfolio. Give Ray White Belconnen a call to get your next investment off on the right foot.