Suburb Profile Report for Nicholls ACT (2913)

Nicholls House: Median price $775,000, Annual capital growth 3.18%, Number of sales 88, Weekly median advertised rent $570

Nicholls Unit: Median price $550,000, Annual capital growth 4.56%, Number of sales 37, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$775,000 $550,000
0.65% 0.92%
3.06% 20.09%
3.18% 4.56%
$570 $430
88 37
3.82% 4.07%
71.24 62.82

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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