Suburb Profile Report for Nicholls ACT (2913)

Nicholls House: Median price $770,000, Annual capital growth 2.79%, Number of sales 79, Weekly median advertised rent $595

Nicholls Unit: Median price $555,000, Annual capital growth 3.99%, Number of sales 37, Weekly median advertised rent $455

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 2.12% for the last 12 months, Nicholls, 2913 has performed for property investments than its average annual 2.79% property growth over the last 5 years.

The five-year average increase in median property values for Nicholls,2913 has given property investors a potential capital gain of 11.92% across each of those five years.

Nicholls2913 is located in ACT which offers an average discount of -3.89% to property investors. Nicholls itself is showing figures that indicate -3.22% is the average achievable by property buyers investing in the suburb.

Nicholls is 41th on a list of best yielding suburbs for rents in ACT with a 4.02% return

Property value increases in Nicholls have tracked higher than the ACT average of 2.54% over the last 12 months.

Nicholls,2913 was ranked 540 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Nicholls is offering property investors an average of -4.04. This rate of discount on properties puts Suburb at number 41th in terms of most discounted suburbs in ACT

At number 433 in a list of fastest selling suburbs, Nicholls is in the TOP 30% of suburbs in Australia with an average of days on market 58.74 for properties listed there.

Advertised rents are around the $455 mark per week – giving a return of 4.26% based on the median price in Suburb

Metrics i HOUSE UNIT
$770,000 $555,000
-2.04% 2.78%
2.12% 11.00%
2.79% 3.99%
$595 $455
79 37
4.02% 4.26%
67.11 58.74

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 6952
Median household income ($/weekly) 2583
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1210 17.4
    25-34 years 615 8.8
    35-44 years 1143 16.4
    45-54 years 1240 17.8
    55-64 years 813 11.7
    Others 1929 27.8
    Age Group
    Census Count Percent(%)
    Registered Married 3092 61.8
    Not Married 1596 31.9
    Defacto Relationship 314 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4897 72.6
    Croatia 130 1.9
    Indonesia 135 2.0
    United Kingdom 338 5.0
    Other 332 4.9
    Others 910 13.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 266 4.1
    Christianity 4448 68.1
    Hinduism 189 2.9
    Islam 118 1.8
    No Religion 1466 22.4
    Others 45 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 210 10.7
    $2,000-$2,499 203 10.4
    $2,500-$2,999 318 16.2
    $3,000-$3,499 242 12.4
    $4,000 or more 315 16.1
    Others 671 34.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2579 49.6
    Not in the labour force 1289 24.8
    Employed, worked part-time 1008 19.4
    Employed, away from work 233 4.5
    Unemployed, looking for work 94 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 753 19.7
    Professionals 1010 26.4
    Technicians & trades workers 358 9.4
    Community & personal service workers 358 9.4
    Clerical & administrative workers 826 21.6
    Others 519 13.6
    Occupation
    Census Count Percent(%)
    Pre-school 88 4.1
    Infants/Primary 765 35.5
    Secondary 735 34.1
    Technical or Further Educational Institution 124 5.8
    University or other Tertiary Institutions 399 18.5
    Others 44 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5991 90.3
    Semi-detached, row or terrace house, townhouse 636 9.6
    Flat, unit or apartment 3 0.0
    Caravan, cabin, houseboat 3 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1038 47.7
    Fully owned 737 33.9
    Rented 394 18.1
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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