Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $605,000, Annual capital growth 5.45%, Number of sales 86, Weekly median advertised rent $573

Harrison Unit: Median price $410,000, Annual capital growth 1.73%, Number of sales 99, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Harrison, 2914 ranked 74th in ACT when comparing growth in median property values or capital gain over the last 12 months. Harrison is one of 126 in our list for ACT

Over the longer term, Harrison has seen property prices show investors a 6.14% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Harrison 2914 should be seeing an average reduction in asking price of around -3.23% . This means that Harrison is holding prices well when compared to other suburbs in ACT.

On average over the past year, suburb has had 7.17 sales per month, which equates to 86 per year.

With a capital gain of 11.73% for the last 12 months, Harrison, 2914 has performed for property investments than its average annual 1.73% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Harrison has increased when compared to the 5 year average annual rate.

The ACT suburb of Harrison, 2914 is in the Unincorporated ACT local government area.

YIP MAG Information supplied by:

YIP MAG
March 2017

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In the Gungahlin district of Canberra, the suburb of Harrison is just 2km from Gungahlin’s town centre, which may have helped propel its modest growth of 1%.Full summary

Median unit price: $269,000

Rental yield: 6.18%

In the Gungahlin district of Canberra, the suburb of Harrison is just 2km from Gungahlin’s town centre, which may have helped propel its modest growth of 1%.

In line with Canberra’s upward trend, rents increased by over 3%. Despite this rise, investors can still earn returns that can reach upwards of 6%.

In Harrison, which seeks to highlight nature in its street names, units are the top buy. Such properties are also priced low, and the present property market may present an opportunity to enter a rising market.

There are several public and private schools within the suburb, with some of these being fairly new. There are also a couple of parks with play areas for children, as well as shops and cafes in the vicinity, making this a popular suburb with families. Harrison is just 10km from Canberra; thus, residents are only a 20-minute drive from Australia’s capital.

Close
Metrics i HOUSE UNIT
$605,000 $410,000
-0.41% 7.20%
-2.42% 11.73%
5.45% 1.73%
$573 $420
86 99
4.92% 5.33%
41.87 N/A

Source: CoreLogic

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