With a capital gain of -1.59% for the last 12 months, Harrison, 2914 has performed for property investments than its average annual 3.46% 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.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.98% offered to property buyers. Sellers in Harrison itself are offering an average vendor discount of -2.85% to real estate investors.
The ACT suburb of Harrison, 2914 is in the Unincorporated ACT local government area.
Harrison has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 17.05% to date .
Across a shorter period, Harrison, 2914 has seen a median price increase of 7.32% over the last quarter.
Advertised rents are around the $420 mark per week – giving a return of 4.96% based on the median price in Suburb
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
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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