Harrison has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -2.01% to date .
While Harrison,2914 ranked number 63th in ACT for increase in median house value (annualised) increase, it is ranked 57th over the last 5 years.
Vendor discounting in Harrison is giving property investors an average Vendor Discount of around -2.85%. This puts suburb at number 38th in ACT when ranking the most discounted suburbs.
Situated 9.33km from the CBD, Harrison is one of Unincorporated ACT localities in the postcode 2914.
With a capital gain of 10.81% for the last 12 months, Harrison, 2914 has performed for property investments than its average annual 1.35% property growth over the last 5 years.
While Harrison,2914 ranked number 40th in ACT for increase in median house value (annualised) increase, it is ranked 15th over the last 5 years.
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