Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $613,750, Annual capital growth 4.04%, Number of sales 101, Weekly median advertised rent $580

Harrison Unit: Median price $315,000, Annual capital growth -1.40%, Number of sales 65, Weekly median advertised rent $380

  • 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 increase in value by 1.15%

A 26.16% growth in median value for property investors in Harrison,2914 puts this suburb at number 71th in terms of best performing suburbs in ACT

Sellers are offering property buyers an average discount of -5.29% to buyers in Harrison at the moment, which is less than average for the rest of ACT.

A $580 per week rent on the median house gives suburb investors a gross yield of circa 4.91%, without taking into account capital value appreciation, which has been averaging out at 4.04%.

Giving property investors a a poor capital gain of -19.33% for the last year, Harrison, 2914 is the 1686th highest performer in Australia in this respect.

Harrison,2914 was ranked 1674 in Australia by increase in median property value over the quarter.

Advertised rents are around the $380 mark per week – giving a return of 6.27% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
April 2015

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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
$613,750 $315,000
-1.21% -13.98%
1.15% -19.33%
4.04% -1.40%
$580 $380
101 65
4.91% 6.27%
46.18 N/A

Source: CoreLogic

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