The latest RP Data-Rismark Home Value Index has highlighted the overall increase in dwelling value across Australia's capital cities. This could be great news for anyone interested in selling their Belconnen real estate in the near future.
According to the report, the average dwelling in an Australian capital city saw a value increase of 1.2 per cent during January and 2.7 per cent over the three months ending in January.
Furthermore, dwelling values grew 13.2 per cent since June 2012, and are now 4.8 per cent higher than their last peak in October 2010.
Canberra saw a 0.7 per cent increase in property value during the first month of 2014, with 1 per cent growth during the last quarter.
However, over the last 12 months, the Australian Capital Territory capital has seen dwelling values increase by a considerable 2.7 per cent.
Furthermore, those looking into purchasing houses for rent in Belconnen may be happy to know that the current rental yield for detached homes is resting at an average of 4.4 per cent – great news for potential investors moving into the area.