If you compare the increase in value of investment property in Nicholls, 2913 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 7.88%.
Nicholls,2913 was ranked 1815 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Nicholls should be aiming for at least -2.80% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Nicholls being $780500 and the advertised rent reaching $570 the gross rental yield for property investors calculates out to be 3.80%
Giving property investors a a solid capital gain of 14.75% for the last year, Nicholls, 2913 is the 227th highest performer in Australia in this respect.
The five-year average increase in median property values for Nicholls,2913 has given property investors a potential capital gain of 20.11% across each of those five years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.09% offered to property buyers. Sellers in Nicholls itself are offering an average vendor discount of -2.62% to real estate investors.
At number 383 in a list of fastest selling suburbs, Nicholls is in the TOP 30% of suburbs in Australia with an average of days on market 59.08 for properties listed there.
Advertised rents are around the $425 mark per week – giving a return of 4.00% based on the median price in Suburb