Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $667,500, Annual capital growth 4.18%, Number of sales 72, Weekly median advertised rent $555

Harrison Unit: Median price $435,000, Annual capital growth 1.54%, Number of sales 71, 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 pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.33%

When looking at the potential capital gains offered to property investors over the last 3 years, Harrison comes in at number 63th in ACT.

Property buyers and investors in Harrison 2914 should be seeing an average reduction in asking price of around -8.68% . This means that Harrison is holding prices well when compared to other suburbs in ACT.

Using the current median advertised rental of $555 and the average annual increase in value of a median property of 4.18%, investors should hope to achieve an overall return of 4.32%

Harrison is in the TOP 20% in ACT when comparing median price capital growth over the last year. Harrison gave property investors a very good capital gain figure when compared to the rest of the state, with 14.50%.

When looking at the potential capital gains offered to property investors over the last 3 years, Harrison comes in at number 12th in ACT.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

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
$667,500 $435,000
8.76% 6.10%
10.33% 14.50%
4.18% 1.54%
$555 $420
72 71
4.32% 5.02%
42.87 N/A

Source: CoreLogic

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