Over the last year, property investments in Nicholls, 2913 have given investors a capital gain of 1.85%. This compares badly with the 6.96% for ACT as a whole.
The five-year average increase in median property values for Nicholls,2913 has given property investors a potential capital gain of 11.27% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Nicholls, 2913. Typically our figures indicate that -3.02% is being offered, which puts this ACT suburb at 3498th most discounted overall in Australia.
With the median price for a house in Nicholls being $770000 and the advertised rent reaching $595 the gross rental yield for property investors calculates out to be 4.02%
Investment property in Nicholls has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.35%
The five-year average increase in median property values for Nicholls,2913 has given property investors a potential capital gain of 20.39% across each of those five years.
Property investors looking for a bargain in Nicholls should be aiming for at least -1.22% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Nicholls the average time real estate has been on the market is 52.12 days.
Advertised rents are around the $440 mark per week – giving a return of 4.12% based on the median price in Suburb