Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $617,500, Annual capital growth 3.96%, Number of sales 86, Weekly median advertised rent $578

Harrison Unit: Median price $345,000, Annual capital growth 1.17%, Number of sales 63, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Harrison is in the bottom 30% in ACT when comparing median price capital growth over the last year. Harrison gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.40%.

The five-year average increase in median property values for Harrison,2914 has given property investors a potential capital gain of 31.38% across each of those five years.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.38% offered to property buyers. Sellers in Harrison itself are offering an average vendor discount of -2.63% to real estate investors.

Using the current median advertised rental of $577.5 and the average annual increase in value of a median property of 3.96%, investors should hope to achieve an overall return of 4.86%

Giving property investors a a poor capital gain of -9.19% for the last year, Harrison, 2914 is the 1539th highest performer in Australia in this respect.

Over the longer term, Harrison has seen property prices show investors a -2.24% return over the last 3 years. This is worse than over the last 12 months

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

YIP MAG Information supplied by:

YIP MAG
April 2015

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Cinemas, Olympic swimming pools and excellent sports fields are just some of the developing infrastructure in the up and coming suburb of Harrison.Full summary Cinemas, Olympic swimming pools and excellent sports fields are just some of the developing infrastructure in the up and coming suburb of Harrison.

While some suburbs in Canberra have been struggling due to the federal government’s cuts to the public service, Harrison has been going from strength to strength with a 12-month growth of 8%.

Situated just 2km east of the Gungahlin Town Centre, everything a couple or family could need is easily accessible.

Primary schools, shopping centres, parks, medical centres and restaurants are all within a stone’s throw of virtually anywhere in the suburb.

With the Canberra CBD only 10km away, the drive into town via the Federal Highway takes as little as 14 minutes.

The Land Development Agency has put a lot of time and effort over the last several years to Harrison and the surrounding suburbs.

This in turn is driving interest in the area. Gungahlin Town Centre is now one of Canberra’s fastest growing hubs.

Along with amenities like clubs, department stores and libraries, significant effort has been put into transport.

A network of cycle ways and pedestrian paths now criss-cross the suburb.

Together with well serviced bus routes, Harrison is well connected with the city and neighbouring suburbs.

Harrison is also a lot less expensive than nearby Nicholls ($500,000) and Forde ($522,000).

Close proximity to shopping centres and the CBD makes the area more appealing to both young or established couples.Close
HOUSE UNIT
$617,500 $345,000
2.32% -2.11%
-0.40% -9.19%
3.96% 1.17%
$578 $395
86 63
4.86% 5.95%
41.91 N/A

Source: CoreLogic

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