Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $610,000, Annual capital growth 3.53%, Number of sales 88, Weekly median advertised rent $560

Harrison Unit: Median price $424,900, Annual capital growth 2.78%, Number of sales 97, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Harrison, 2914 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.01%

Harrison,2914 has offered an average of -2.01% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -3.23% to buyers in Harrison at the moment, which is less than average for the rest of ACT.

Advertised rents are around the $560 mark per week – giving a return of 4.77% based on the median price in Suburb

Investment property in Harrison 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 15.79%

If we look at median property appreciation over just the last three months, Harrison has given property investors a paper return of 3.89%. This puts Suburb as 9 on a list of fastest fasting appreciating suburbs in ACT

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
$610,000 $424,900
-1.41% 3.89%
-2.01% 15.79%
3.53% 2.78%
$560 $420
88 97
4.77% 5.14%
42.88 N/A

Source: CoreLogic

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