With a capital gain of 3.06% for the last 12 months, Nicholls, 2913 has performed for property investments than its average annual 3.18% property growth over the last 5 years.
A 10.72% growth in median value for property investors in Nicholls,2913 puts this suburb at number 66th in terms of best performing suburbs in ACT
Property investors looking for a bargain in Nicholls should be aiming for at least -2.71% off the asking price, which is the average vendor discount being achieved at the moment.
A $570 per week rent on the median house gives suburb investors a gross yield of circa 3.82%, without taking into account capital value appreciation, which has been averaging out at 3.18%.
Property value increases in Nicholls have tracked higher than the ACT average of 2.38% over the last 12 months.
Across a shorter period, Nicholls, 2913 has seen a median price increase of 0.92% over the last quarter.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.07% offered to property buyers. Sellers in Nicholls itself are offering an average vendor discount of -2.31% to real estate investors.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
Situated 10.84km from the CBD, Nicholls is one of Unincorporated ACT localities in the postcode 2913.