Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $610,000, Annual capital growth 3.83%, Number of sales 90, Weekly median advertised rent $578

Harrison Unit: Median price $308,500, Annual capital growth -0.68%, Number of sales 55, Weekly median advertised rent $393

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a an unimpressive capital gain of -1.61% for the last year, Harrison, 2914 is the 3029th highest performer in Australia in this respect.

Across a shorter period, Harrison, 2914 has seen a median price increase of 0.41% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Harrison is offering property investors an average of -4.63. This rate of discount on properties puts Suburb at number 17th in terms of most discounted suburbs in ACT

In the last year 90 properties changed hands in Harrison, which puts it as the 8th most active market in ACT when comparing the number of sales per suburb.

Situated 9.24km from the CBD, Harrison is one of Unincorporated ACT localities in the postcode 2914.

Harrison is in the bottom 10% in ACT when comparing median price capital growth over the last year. Harrison gave property investors a dismal capital gain figure when compared to the rest of the state, with -18.79%.

Comparing Harrison,2914 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Harrison is 3rd on a list of best yielding suburbs for rents in ACT with a 6.62% return

YIP MAG Information supplied by:

YIP MAG
April 2015

M
O

W
E
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
$610,000 $308,500
0.41% -5.08%
-1.61% -18.79%
3.83% -0.68%
$578 $393
90 55
4.92% 6.62%
44.1 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Harrison ACT
Recent sales & rentals