Investment property in Dickson 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 7.75%
While Dickson,2602 ranked number 60th in ACT for increase in median house value (annualised) increase, it is ranked 38th over the last 5 years.
Our latest figures would indicate that property sellers in Dickson are currently offering property investors an average price cut of -7.54% below the asking price at the moment.
With the median price for a house in Dickson being $765000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.40%
Over the last year, property investments in Dickson, 2602 have given investors a capital gain of -2.85%. This compares badly with the 0.57% for ACT as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Dickson comes in at number 56th in ACT.
Vendor discounting in Dickson is giving property investors an average Vendor Discount of around -4.24%. This puts suburb at number 21th in ACT when ranking the most discounted suburbs.
Property investors should expect to get $370 weekly from the median priced house in this suburb.